Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612090
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH VIJAYAPURA
Reserve Price:₹26,30,000
EMD:₹2,63,000
Bid Increment:₹50,000
Auction Time:11:30 am to 1:30 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a SARFAESI auction by Canara Bank for a Land and Building property located in Lingasagur, Raichur, Karnataka. The property was formerly owned by the borrower Late Sri. Mallappa Asareddy. It is categorized as a residential asset. The auction presents a unique opportunity to acquire a property in this region.
State:Karnataka
City:Raichur
Area:Lingasagur
Asset Category:Residential
Full Address:Gram Panchayath No.8, Ward No.3, NA land Sy No.1/3, Ankasdoddi Village, Maski, Lingasugur Taluk, Raichur District, Ankasdoddi Village, Raichur
Size:1650 Sqft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Lingasagur, Raichur, Karnataka. The auction will take place on November 21, 2025, starting at 11:30 AM and ending at 01:30 PM. The reserve price for this auction is INR 26,30,000, with an Earnest Money Deposit (EMD) of INR 2,63,000 required to participate.
Borrower Name:Late Sri. Mallappa Asareddy
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Mallikarjun
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
This property in Lingasugur presents a calculated opportunity due to its residential land and building classification at an accessible reserve price. While the location might not be prime, the property's size and auction terms make it a reasonable investment with potential for future appreciation. Further due diligence is recommended.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH VIJAYAPURA
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:916366975034
