Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611750
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. onwards
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential flat located in Srinagar (B), Bengaluru, Karnataka, offered for auction by City Union Bank. The property is being auctioned under SARFAESI regulations.
State:Karnataka
City:Bengaluru
Area:Srinagar (B)
Asset Category:Residential
Full Address:001, 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, Srinagar, Bengaluru
Building/Society:Shri Saila Residency
Size:1022 Sq. ft.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential flat in Srinagar (B), Bengaluru. The auction will 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 required. This is an opportunity to acquire a property in a well-known area of Bengaluru.
Borrower Name:Mr. P. Sandeep
Auction Type:SARFAESI Auction
Guarantor Names:Mr. N.H. Puttegowda, Mrs. Gayathri
Legal Details
Possession Status:As-is-where-is
Encumbrance Details:Not Known to Bank
Why This Property
The property, a flat in Srinagar, Bengaluru, offers a decent investment opportunity at a reserve price of ₹4500000. While the location is favorable, potential buyers should carefully assess the 'as-is-where-is' condition and auction terms before bidding. The property's size and included parking add to its appeal, warranting consideration.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:080-25726365/7813026080/8925964904
