Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609776
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT(ARM) II BRANCH,
Reserve Price:₹72,63,000
EMD:₹7,27,000
Bid Increment:₹1,00,000
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-05
Property Description
This offering presents a compelling opportunity to acquire a Land and Building asset situated in Hanamanthapura, Tumkur, Karnataka. Ideal for residential purposes, this property is being auctioned by Canara Bank under the SARFAESI Act. The land and building offer significant potential for development or personal use in a growing region.
State:Karnataka
City:Tumkur
Area:Hanamanthapura
Asset Category:Residential
Full Address:S-4, Site No. S-4, Survey No. 275/1 TCC Khata No. 2490/2601, at 6th A Cross, 1st Main, Hanumanthapura Extn, Ward No. 28, Hanumanthapura, Tumkur
Size:1170 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property located in Hanamanthapura, Tumkur, Karnataka. The auction will take place on December 5, 2025, with bidding open from 01:00 PM to 03:00 PM. The reserve price is set at ₹72,63,000, and the Earnest Money Deposit (EMD) required is ₹7,27,000. This is a prime opportunity to invest in a residential asset through a transparent bank auction process.
Borrower Name:Sri TV Basavaraju
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Hanumanthapura, Tumkur, this residential site with a building offers decent potential. The reserve price of ₹7263000 and auction terms present a calculated risk, requiring careful evaluation of the location and property condition. The property size of 1170 sq. ft. must be considered against its location's market dynamics.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT(ARM) II BRANCH,
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9113092975
