Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611748
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹45,00,000
EMD:₹4,50,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
A residential flat located in the well-connected area of Srinagar (B), Bengaluru, Karnataka. This property is part of a bank auction conducted by City Union Bank under the SARFAESI Act. Ideal for individuals or families seeking a home in a prime urban location. The property offers convenience and accessibility to essential amenities.
State:Karnataka
City:Bengaluru
Area:Srinagar (B)
Asset Category:Residential
Full Address:004, Shri Saila Residency, New Municipal No:27. (Old property No.21/7, then 7) in PID No.53-79-27 and Residential property bearing New No.21/6, in PID No 53-79-21/6, 7th Cross, Raghavendra Block, Srinagar, Srinagar, Bengaluru
Building/Society:Shri Saila Residency
Size:995 sq. feet
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential flat in Srinagar (B), Bengaluru. The auction is set to take place on November 24, 2025, from 11:00 AM to 01:00 PM. The reserve price is INR 45,00,000, with an Earnest Money Deposit (EMD) of INR 4,50,000. This is a prime opportunity to acquire a property through a transparent auction process.
Borrower Name:Mr. P. Sandeep
Auction Type:SARFAESI Auction
Guarantor Names:Mr. N.H. Puttegowda, Mrs. Gayathri
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, a flat in Srinagar, Bengaluru, presents a calculated opportunity due to its manageable size and location. The reserve price of ₹4500000 seems reasonable, although further due diligence is needed regarding the building's condition and local market trends. This could be a decent investment with potential for moderate returns.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:7813026080
