Flat for auction LENDEE SENTOSA, Bengaluru, Bengaluru by Canara

For new buyers venturing into bank auctions, this particular offering from Canara Bank in Bengaluru represents a compelling proposition. The property is a residential flat, designated as No.101 on the first floor of "LENDEE SENTOSA", featuring a generous super built-up area of 2020 sq ft. A key amenity is the inclusion of a covered car parking space in the basement, a valuable addition in a metropolitan area like Bengaluru. The flat's location benefits from clear property boundaries, suggesting an established and accessible area within the city. The auction process is conducted under the SARFAESI Act, a standard procedure for bank asset recovery. Interested parties must submit their applications by July 30, 2025, with the auction scheduled to commence on July 31, 2025, and conclude within a 30-minute window. The reserve price is set at ₹17,470,000, with an Earnest Money Deposit (EMD) of ₹1,747,000. This is a prime opportunity for those looking to acquire a substantial property in a prime location through a transparent auction process.

This SARFAESI auction presents a significant opportunity to acquire a residential flat in the sought-after city of Bengaluru, Karnataka. The property, identified by Auction ID 531119 and offered by Canara Bank, is a spacious 2020 sq ft flat located on the first floor of the building known as "LENDEE SENTOSA". It boasts one covered car parking space in the basement, along with access to common areas like lobbies and lifts. The flat is strategically positioned with clear demarcations to the east, west, north, and south, indicating a well-established neighborhood. For aspiring homeowners and investors, this auction provides a chance to enter the competitive Bengaluru property market. Prospective buyers are encouraged to thoroughly review all terms and conditions, conduct their due diligence, and prepare to participate in this online bidding event to secure this valuable asset.