Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611190
Bank Name:ICICI Home Finance
Branch Name:Corporate Office : Mumbai
Reserve Price:₹40,82,400
EMD:₹4,08,240
Auction Time:02:00 PM To 03:00 PM
Service Provider:BidDeal.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a residential flat located in Belgaum, Belagavi, Karnataka. It is being auctioned by ICICI Home Finance under the SARFAESI Act. The property is offered at a reserve price of INR 4,082,400.0, with an Earnest Money Deposit (EMD) of INR 408,240.0. This presents an opportunity to acquire a flat in a developing area of Karnataka.
State:Karnataka
City:Belagavi
Area:Belgaum
Asset Category:Residential
Full Address:501, Bella Apartment, Flat No 501 Located At 5th Floor Bella Apartment Plot No 53 Cts No 758 Situated At Rukmini Nagar Rukmini Nagar Na Belgaum Karnataka 590001, Rukmini Nagar, Belgaum
Building/Society:Bella Apartment
Auction Description
ICICI Home Finance is conducting a SARFAESI auction for a residential flat in Belgaum, Belagavi, Karnataka. The auction will take place on November 21, 2025, starting at 02:00 PM and concluding at 03:00 PM. The reserve price is set at INR 4,082,400.0, and bidders are required to submit an EMD of INR 408,240.0. This is a timed online auction event for the property previously owned by Faiq Qazam Baig.
Borrower Name:Faiq Qazam Baig
Auction Type:SARFAESI Auction
Guarantor Names:Aayesha Kazamali Baig
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a flat in Belgaum with a symbolic possession status, indicating potential challenges. The location is decent, but the symbolic possession and limited information warrant a calculated approach. The reserve price seems reasonable for the area, making it an opportunity for informed investors.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:BidDeal.in
Contact Details:
Contact no:9920807300
