Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611069
Bank Name:Canara Bank
Branch Name:ARM Manipal Branch
Reserve Price:₹12,20,000
EMD:₹1,22,000
Bid Increment:₹10,000
Auction Time:11.00AM to 12.00PM
Service Provider:BAANKNET
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
A prime plot of land located in Kundapura Taluk, Udupi, Karnataka. This residential land parcel is being auctioned by Canara Bank under SARFAESI proceedings. Situated in a developing area, it offers an excellent opportunity for real estate investment or future development. The property is ideal for those looking to build their dream home or for investors seeking to capitalize on the growing real estate market in the Udupi district. Its strategic location provides convenient access to local amenities and transport links.
State:Karnataka
City:Udupi
Area:Kundapura Taluk
Asset Category:Residential
Full Address:Sy. No. 29/5B of Aloor Village, Aloor Village, Kundapura
Size:32 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable plot of land in Kundapura Taluk, Udupi, Karnataka. The auction is scheduled for November 20, 2025, commencing at 11:00 AM and concluding at 12:00 PM. The reserve price for this attractive property is ₹12,20,000, with an Earnest Money Deposit (EMD) of ₹1,22,000 required to participate. This is a unique chance to acquire a significant land asset at a competitive price. Interested bidders are encouraged to review all auction terms and conditions provided by Canara Bank.
Borrower Name:M/s Shree Sharada Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Sri Guruprasad Jois S/o Mahabala Jois, Smt Shanthamma W/o Mahabala Jois
Legal Details
Possession Status:Physical
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The land is situated in Kundapura, a developing area. The reserve price appears reasonable, making it a calculated opportunity. Additional due diligence is recommended to assess the market value and potential use of the land.
Contact Details
Branch:Branch Office : ARM Manipal Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0820-2575412/9449862135/9598559920/8884738975
