Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611413
Bank Name:ICICI Home Finance
Branch Name:Corporate Office
Reserve Price:₹2,65,98,420
EMD:₹26,59,842
Auction Time:02:00 PM To 03:00 PM
Service Provider:BidDeal.in
Important Dates
Submission Date:2025-12-01
Bid Start Date:2025-12-02
Property Description
A residential flat located in Shivamogga, Karnataka. This property is being auctioned by ICICI Home Finance under the SARFAESI Act. It presents a valuable opportunity for buyers seeking real estate in the Shivamogga area. The flat is categorized under residential assets.
State:Karnataka
City:Shivamogga
Area:shivamogga
Asset Category:Residential
Full Address:Aas Samudaya Bhavana Ranganatha Badavane, 2nd Floor 4th Cross Aas Samudaya Bhavana Ranganatha Badavane Shivmogga Ward No 29 Shimoga Karnataka-577201, Shivamogga, Shivamogga
Building/Society:Aas Samudaya Bhavana Ranganatha Badavane
Auction Description
ICICI Home Finance is conducting a SARFAESI auction for a residential flat in Shivamogga, Karnataka. The auction will take place on December 2nd, 2025, running from 02:00 PM to 03:00 PM. The reserve price for this auction is INR 2,65,98,420.00, with an Earnest Money Deposit (EMD) of INR 26,59,842.00. This is a prime opportunity to acquire property through a bank auction.
Borrower Name:Mr Irfan Khan
Auction Type:SARFAESI Auction
Guarantor Names:Ameena Khanum, Aarshiraj Builder And Developers Limited, Th Akbar Khan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Shivamogga, offered at a relatively high reserve price. While the location is decent, the investment is recommended as a 'Calculated Opportunity' due to the significant EMD and reserve price relative to potential market value. Further due diligence is advised.
Contact Details
Branch:Branch Office : Corporate Office
Service Provider:BidDeal.in
Contact Details:
Authorized Officer
Contact no:9920807300
