Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613303
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹58,50,000
EMD:₹5,85,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 13:00 P.M
Service Provider:ebkray
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This is a residential flat located in Kelagina Thotagalu, Chikkaballapur, Karnataka. The property is being auctioned by Canara Bank under SARFAESI proceedings. It represents an opportunity to acquire a flat in a developing area. The reserve price is INR 58,50,000, with an Earnest Money Deposit (EMD) of INR 5,85,000 required to participate in the auction. The property was formerly mortgaged by Sri Aluvelamma.
State:Karnataka
City:Chikkaballapur
Area:Kelagina Thotagalu
Asset Category:Residential
Full Address:1678/308/18/2, HL No: 1678/308/18/2, ward no 22/3 rd behind Stadium, 4 th Division, Kelagina Thotagalu, Chikkaballapur
Size:1920 Sq ft
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential flat in Kelagina Thotagalu, Chikkaballapur, Karnataka. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The minimum bidding price is set at INR 58,50,000, and interested bidders must submit an EMD of INR 5,85,000. This is a liquidation auction for a property mortgaged by Sri Aluvelamma.
Borrower Name:Sri Aluvelamma
Auction Type:SARFAESI Auction
Guarantor Names:Sri S T Satish, Sri Shiva Kumar C
Legal Details
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The property is a residential flat in a developing locality of Chikkaballapur. The reserve price seems reasonable for the size, but the location might require further investigation for its growth potential. Overall a calculated risk with decent returns if the area develops as expected.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:ebkray
Contact Details:
Contact no: —
