Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612805
Bank Name:The Special Officer and Component Authority
Branch Name:Bengaluru
Reserve Price:₹2,46,81,000
EMD:₹24,69,000
Bid Increment:₹2,47,000
Auction Time:11 am to 1 pm
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-05
Property Description
This is a residential flat located in the prime area of Shantinagar, Bengaluru, Karnataka. The property is being auctioned by The Special Officer and Component Authority under the SARFAESI Act. Ideal for buyers seeking a property in a well-connected and developed locality.
State:Karnataka
City:Bengaluru
Area:Shantinagar
Asset Category:Residential
Full Address:7/2, No.7/2, Alexandra Street, Richmond Town, Old Ward No. 76 New Ward No. 117, Shanthinagara, Bengaluru, Shantinagar, Bengaluru
Size:4010 sq.ft
Auction Description
An e-auction for a residential flat in Shantinagar, Bengaluru, conducted by The Special Officer and Component Authority. The auction commences on December 5, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is ₹2,46,81,000, with an Earnest Money Deposit (EMD) of ₹24,69,000. This SARFAESI auction presents a significant opportunity for investment.
Borrower Name:Bank Property
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Properties are free of all encumbrances
Why This Property
This Shantinagar flat offers a promising investment given its prime location and substantial size. The reserve price is reasonable for the area, making it a potentially lucrative deal for savvy investors. Strong Buy rating is based on location, property and auction terms.
Contact Details
Branch:Branch Office : Bengaluru
Service Provider:Public Auction
Contact Details:
Assistant Commissioner
Contact no:6364403715
