Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609858
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹75,00,000
EMD:₹7,50,000
Bid Increment:₹50,000
Auction Time:11.30 AM to 11.45 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
A residential flat located in the well-established area of Sanjaynagar, Bengaluru, Karnataka. This property is being auctioned by Karnataka Bank under the SARFAESI Act. Ideal for individuals or families seeking a home in a prime Bengaluru locality. The property offers comfortable living spaces and is situated in a convenient and accessible part of the city.
State:Karnataka
City:Bengaluru
Area:Sanjaynagar
Asset Category:Residential
Full Address:1, Banashankari Homes, No.4, Ground Floor, 2nd Cross, MR Garden, KEB Layout, Sanjaynagar, Sanjaynagar, Bengaluru
Building/Society:Banashankari Homes
Size:1080 sq.ft.
Auction Description
This is a SARFAESI auction conducted by Karnataka Bank for a residential flat in Sanjaynagar, Bengaluru. The auction has a reserve price of INR 75,00,000 and requires an Earnest Money Deposit (EMD) of INR 7,50,000. The auction will be held on 19th November 2025, with bidding open from 11:30 AM to 11:45 AM. Interested bidders are advised to review all auction terms and conditions thoroughly before participating. This is a secured asset auction related to M/s. Akashya Constructions.
Borrower Name:M/s. Akashya Constructions
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Prasad Raju K, Mrs. Kirthi R, Mr. Damodaran P
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a decent location in Bengaluru with a reasonable reserve price. The presence of clear boundaries and physical possession status are positives. However, potential bidders should conduct their own due diligence regarding encumbrances.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Assistant General Manager & Authorised Officer
Contact no: —
