Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612192
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, offered for auction by Canara Bank. This property is categorized under residential assets and presents a valuable opportunity for buyers in the Mangalore region. The flat is situated in an area known for its developing infrastructure and accessibility.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:No. 101, Nafeesa Enclave Apartment, Katipala 2nd Block Cross Road, Second Block, Katipalla Village and post, Mangaluru-575030, Katipalla, Mangaluru
Building/Society:Nafeesa Enclave Apartment
Size:1025.44 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Katipalla, Mangalore. The auction will take place on November 19, 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price for this auction is ₹25,20,000, with an Earnest Money Deposit (EMD) of ₹2,52,000 required to participate. 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 is a residential flat in a developing area of Mangalore. While the price is reasonable, potential buyers should carefully assess the location and building amenities. It represents a calculated opportunity for those familiar with the Katipalla market.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7046612345
