Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609845
Bank Name:Canara Bank
Branch Name:ARM-2 Branch
Reserve Price:₹12,25,00,000
EMD:₹1,22,50,000
Bid Increment:₹0.01
Auction Time:1:00 PM to 3:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a residential house located in Bengaluru, Karnataka. The property is being auctioned by Canara Bank under SARFAISI rules. It is situated in the Bengaluru area, offering a prime location within the city.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Residential
Full Address:63, Site No.63, New Municipal No.63, BBMP PID No. 100-760-63, situated at Rajmahal Vilas, 2nd Stage, 4th Block Extension 4th Cross, Dollars Colony, M.L.A Layout, Rajmahal Vilas, Bengaluru
Size:4000 Square Feet
Auction Description
Canara Bank is conducting a SARFAISI auction for a residential house in Bengaluru, Karnataka. The auction will take place on 21-11-2025, with bidding open from 01:00 PM to 03:00 PM. The reserve price for this property is ₹12,25,00,000.0, and the Earnest Money Deposit (EMD) required is ₹1,22,50,000.0. This is an excellent opportunity to acquire a property in Bengaluru through a bank auction.
Borrower Name:M/s. SLN CNC Tech Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. M. L. B. Gowda, Mr. M. V. Ashoka, Mrs. M.V.Suma, Mr. Shiva Prasad J. M., Mrs. Umadevamma
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
Located in Rajmahal Vilas, a well-established area in Bengaluru, this residential house presents a good investment opportunity. The property's size and location, coupled with the auction terms, suggest strong potential for value appreciation. While the reserve price is substantial, the location justifies a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : ARM-2 Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9113092975
