Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:609425
Bank Name:The Karnataka State co-Operative Apex Bank ltd
Branch Name:chamarajpet
Reserve Price:₹15,07,00,000
EMD:₹1,50,70,000
Auction Time:11.30 AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-04
Bid Start Date:2025-11-05
Property Description
This is a residential house located in Geddalahalli, Bengaluru, Karnataka. The property is being auctioned by The Karnataka State Co-Operative Apex Bank Ltd. as part of a SARFAESI auction. This presents an opportunity to acquire a house in a well-established area.
State:Karnataka
City:Bengaluru
Area:Geddalahalli
Asset Category:Residential
Full Address:7A, I.T.I. Employees House Building Co-Operative Society Ltd., Municipal No.7A, (Old No.7A and 7B being one composite property) Ward No.100 - Sanjaynagar, Geddalahalli, Bengaluru
Building/Society:I.T.I. Employees House Building Co-Operative Society Ltd.
Size:5200 Sq.ft.
Auction Description
The Karnataka State Co-Operative Apex Bank Ltd. is conducting a SARFAESI auction for a residential house in Geddalahalli, Bengaluru. The auction will take place on November 5, 2025, from 11:30 AM to 12:30 PM. The reserve price for this property is ₹15,07,00,000, with an EMD of ₹1,50,70,000. This auction is conducted under the SARFAESI Act for the recovery of dues from M/s. Lakshmi Gold Khazaanaa Pvt. Ltd.
Borrower Name:M/s. Lakshmi Gold Khazaanaa Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Sri K.P. Nanjundi Vishwakarma, Smt. Chennajammani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a well-sized residential house in a decent location in Bengaluru. While the reserve price is relatively high, the property's size and established locality suggest potential for appreciation. The clear auction terms and bank's involvement make it a relatively safe investment.
Contact Details
Branch:Branch Office : chamarajpet
Service Provider:Public Auction
Contact Details:
Contact no:080-26983700
