Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612197
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. This property is being auctioned by Canara Bank under the SARFAESI Act. It presents a great opportunity for homebuyers or investors in the Mangalore region looking for a residential unit in a developed area.
State:Karnataka
City:Mangalore
Area:Katipalla
Asset Category:Residential
Full Address:201, 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 a SARFAESI auction for a residential flat in Katipalla, Mangalore. The auction will take place online on November 19, 2025, between 10:30 AM and 11:30 AM. The reserve price for this property is INR 25,20,000, with an Earnest Money Deposit (EMD) of INR 2,52,000 required to participate. This is a direct auction by the bank to recover dues from the borrower, Mr. Mahammad Saifulla.
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
This residential flat in Katipalla, Mangalore, presents a reasonable investment opportunity given its size and location. The reserve price and EMD are standard for bank auctions in this area. Prospective buyers should carefully evaluate the property's condition and the auction terms before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:7046612345
