Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:603696
Bank Name:Union Bank of India
Branch Name:Mysuru
Reserve Price:₹41,91,435
EMD:₹4,19,144
Bid Increment:₹25,000
Auction Time:12:00 PM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This auction features a residential Land and Building property located in Kasaba Hobli, Mysuru, Karnataka. Situated in a well-connected area, this asset presents a valuable opportunity for prospective buyers. The property is being auctioned by Union Bank of India under SARFAESI proceedings.
State:Karnataka
City:Mysuru
Area:KasabaHobli
Asset Category:Residential
Full Address:KHATA JANJER NO.868, HOOTGALLI PANCHAYAT, KasabaHobli, Mysuru
Size:800 sq.ft.
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a Land and Building property in Kasaba Hobli, Mysuru. The auction will take place on October 30, 2025, from 12:00 PM to 5:00 PM. The reserve price for this asset is INR 41,91,435.00, with an Earnest Money Deposit (EMD) of INR 4,19,144.00 required to participate. This is a prime opportunity to acquire a property in Mysuru.
Borrower Name:MRS. PADMA R
Auction Type:SARFAESI Auction
Guarantor Names:MR. RUKMANGADA C, MR. SHIVAKUMAR H N.
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its residential land and building type in KasabaHobli, Mysuru. The reserve price aligns with market values, and the auction terms are standard. Further due diligence is advised to confirm location advantages and future growth potential.
Contact Details
Branch:Branch Office : Mysuru
Service Provider:BAANKNET
Contact Details:
SIJO T GEORGE
Contact no:9947591070
