Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613214
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹43,00,000
EMD:₹4,30,000
Bid Increment:₹25,000
Auction Time:11:00AM to 12.00PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This SARFAESI auction presents a prime opportunity to acquire a Land and Building asset in the vibrant locality of Karkala, Udupi, Karnataka. The property is offered by Canara Bank, with a reserve price of INR 43,00,000 and an Earnest Money Deposit (EMD) of INR 4,30,000. This residential asset, previously associated with borrower Mr. Udaya A. Shetty, is ideal for investors or individuals seeking a property in a developing region.
State:Karnataka
City:Udupi
Area:Karkala
Asset Category:Residential
Full Address:152600100900191031, Property No: 152600100900191031, Sy No 354/2 portion, Kanthavara village, Karkala taluk, Kanthavara, Udupi
Size:10 cents
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in Karkala, Udupi, Karnataka. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price is set at INR 43,00,000, with an EMD of INR 4,30,000 required to participate. This is a significant opportunity to own a residential property through a transparent and efficient auction process.
Borrower Name:Mr Udaya A Shetty
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Karkala, Udupi, this land and building offers potential for development. The reserve price is reasonable, but potential investors should assess the location and local market conditions. The auction terms are standard, making this a calculated opportunity.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0820-2575412
