Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611567
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹16,50,000
EMD:₹1,65,000
Service Provider:BAANKNET
Important Dates
Submission Date:11-12-2025 05:00 PM
Bid Start Date:12-12-2025 11:30 AM
Property Description
This residential property is a house located in Sagar Taluk, Shivamogga, Karnataka. It is being auctioned by Canara Bank as part of a SARFAESI auction. The property, previously owned by Smt Renukamma, presents an opportunity for buyers seeking a home in this region. The auction is a significant event for potential homeowners and investors interested in Shivamogga's real estate market.
State:Karnataka
City:Shivamogga
Area:Sagar Taluk
Asset Category:Residential
Full Address:89, Site No 89, Grama Panchayath Property No. 140, E property Number/ Municipal Number 1524003016 00100726, Gouthamapura Village, Gouthamapura Grama Panchayath, Sagar Taluk, Gouthamapura Village, Shivamogga
Size:111.48 sq mtrs
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential house in Sagar Taluk, Shivamogga, Karnataka. The auction will take place on 12-12-2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this property is INR 16,50,000, and the Earnest Money Deposit (EMD) required is INR 1,65,000. This is a sealed bid auction, offering a transparent process for interested parties to acquire the property.
Borrower Name:Smt Renukamma
Auction Type:SARFAESI Auction
Why This Property
The property is a residential house in a rural location with a relatively low reserve price. While the location might limit its immediate appreciation, the affordable price point and potential for local development make it a calculated opportunity for budget-conscious investors.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no: —
