Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612201
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
This is a residential flat located in Katipalla, Mangalore, Karnataka. It is being auctioned by Canara Bank under SARFAESI regulations. The property is ideal for individuals or families looking for a home in a well-established area of Mangalore. Detailed inspection and legal verification are recommended before bidding.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:204, Nafeesa Enclave Apartment, Katipala 2nd Block Cross Road, Second Block, Katipalla Village and post, Katipalla, Mangaluru
Building/Society:Nafeesa Enclave Apartment
Size:1019.64 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Katipalla, Mangalore. The auction will commence on November 19, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price is set at 25,20,000 INR, with an EMD of 2,52,000 INR. Interested bidders should ensure they have completed all necessary pre-auction formalities. This is a prime opportunity 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
The property's location in Katipalla, combined with its reasonable reserve price and apartment type, makes it a strong investment opportunity. While further due diligence is advised, the auction terms appear favorable for potential buyers seeking residential property in Mangalore.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7046612345
