Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612193
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹25,20,000
EMD:₹2,52,000
Auction Time:10:30 a.m. to 11:30 a.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
A residential flat located in Katipalla, Mangalore, Karnataka. This property is being auctioned by Canara Bank as part of a SARFAESI action. It offers a great opportunity for ownership in a developing area of Mangalore.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:102, Nafeesa Enclave Apartment, Katipala 2nd Block Cross Road, Second Block, Katipalla Village and post, Katipalla, Mangaluru
Building/Society:Nafeesa Enclave Apartment
Size:1025.44 sq.ft
Auction Description
Canara Bank is conducting an e-auction for a residential flat in Katipalla, Mangalore. The auction is held under the SARFAESI Act. The reserve price is INR 25,20,000, with an EMD of INR 2,52,000. Bidding will take place on November 19, 2025, between 10:30 AM and 11:30 AM. Don't miss this chance to acquire a property through a transparent bank auction process.
Borrower Name:Mr. Mahammad Saifulla
Auction Type:SARFAESI Auction
Guarantor Names:Mr. T Moidinabba
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Katipalla, Mangalore, this residential flat offers a decent opportunity at a reasonable reserve price. While the location might not be prime, the property type and size are attractive. The auction terms are standard, warranting a 'Calculated Opportunity' rating for those seeking affordable housing in the area.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7046612345
