Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:609859
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹95,00,000
EMD:₹9,50,000
Bid Increment:₹50,000
Auction Time:11.45 AM to 12.00 Noon
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
A well-located residential flat in Sanjaynagar, Bengaluru, offered by Karnataka Bank. This property presents a great opportunity for homebuyers or investors in a sought-after area. The flat is part of a SARFAESI auction, providing a clear title and potential for value appreciation.
State:Karnataka
City:Bengaluru
Area:Sanjaynagar
Asset Category:Residential
Full Address:S-1, Jyotshna Residency, Municipal No.175, BBMP PID No. 100-753-175, situated at MGECHBS Layout, Devasandra, Sanjaynagar, Bengaluru-560094, Sanjaynagar, Bengaluru
Building/Society:Jyotshna Residency
Size:1350 sq.ft.
Auction Description
This is a SARFAESI auction conducted by Karnataka Bank for a residential flat in Sanjaynagar, Bengaluru. The reserve price is ₹95,00,000 with an EMD of ₹9,50,000. The auction will take place online on November 19, 2025, starting at 11:45 AM and concluding at 12:00 PM. This is a prime opportunity to acquire property in a desirable location.
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:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
Located in the well-established Sanjaynagar area of Bengaluru, this residential flat offers a solid investment opportunity. The reserve price seems reasonable for the size and location, and the clear auction terms add to its appeal. It is a strong buy for those seeking residential property in Bengaluru.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Assistant General Manager
Contact no: —
