Land for auction 15260010 Mis Veekay Cashew Exports, Karkal, Udupi by Canara

The property comprises a total of 2.35 acres of converted land located in Hirgana Village, Karkala Taluk, Udupi, Karnataka. The land is divided into three parcels: Parcel 1 (1.00 acre, Sy no 522/1A), Parcel 2 (0.35 acre, Sy no 522/1C), and Parcel 3 (1.00 acre, Sy no 522/1). All parcels are described as part and parcel of converted land. A factory building named 'M/s Veekay Cashew Exports' is situated on the property. The land is jointly owned by Mrs Flavia Kanthi Lobo and Mr Valerian Lobo. The boundaries for all parcels are: East: Portion of Same SD, West: Portion of Same SD, South: Portion of Same SD, North: Portion of Same SD. However, a common boundary description is also provided as: East: Vacant Land, West: Approach Road, South: Vacant Land, North: Vacant Land. The asset category is residential, though the presence of a factory suggests potential commercial or industrial use.

This SARFAESI auction conducted by Canara Bank offers a significant opportunity to acquire 2.35 acres of converted land in Hirgana Village, Karkala Taluk, Udupi, Karnataka. The property, which includes a factory building named 'M/s Veekay Cashew Exports', is being auctioned as a single lot. The land is divided into three items: Item 1 (1.00 acre in Sy no 522/1A), Item 2 (0.35 acre in Sy no 522/1C), and Item 3 (1.00 acre in Sy no 522/1). All properties are jointly in the name of Mrs Flavia Kanthi Lobo and Mr Valerian Lobo. The common boundaries for all three items are: East: Vacant Land, West: Approach Road, South: Vacant Land, North: Vacant Land. The auction has a reserve price of ₹1,63,00,000 and an EMD of ₹16,30,000. The auction will be held on 27-02-2025, from 11:00 AM to 12:00 PM, with the application submission deadline on the same day at 10:30 AM. For further details, contact the Chief Manager at the ARM Branch, Canara Bank, Ph: 9449862135.