Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613090
Bank Name:Canara Bank
Branch Name:Moodabidri
Reserve Price:₹5,47,000
EMD:₹54,700
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This property is a Land and Building located in Pranthya, Mangalore, Karnataka. It is being auctioned by Canara Bank under SARFAESI Act. The property is categorized as Residential.
State:Karnataka
City:Mangalore
Area:Pranthya
Asset Category:Residential
Full Address:Pranthya Village (Door no. 10-1938912), Pranthya, Mangalore
Size:2.08 A-C
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential Land and Building in Pranthya, Mangalore, Karnataka. The auction will take place on 21-11-2025 from 11:30 AM to 12:30 PM. The reserve price for this auction is INR 547,000.0, with an Earnest Money Deposit (EMD) of INR 54,700.0 required to participate.
Borrower Name:Mr. Sharath Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Prabhakar Mathew
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a converted land and building in Pranthya, Mangalore, offered at a reasonable reserve price. While the location offers potential, further due diligence is advised, hence a 'Calculated Opportunity' rating. The reserve price and EMD amounts appear manageable for investors.
Contact Details
Branch:Branch Office : Moodabidri
Service Provider:BAANKNET
Contact Details:
Deepankar Shrigyan
Contact no:0824-2863208/231/8570821555
