Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610261
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹27,18,000
EMD:₹2,71,800
Bid Increment:₹50,000
Auction Time:11.10 AM to 11.25 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a prime piece of land located in Tiptur, Tumkur, Karnataka, offered by Karnataka Bank. Suitable for residential development, this asset presents a significant opportunity in a growing region. The property is being auctioned under the SARFAESI Act. Don't miss this chance to acquire valuable land in a desirable location.
State:Karnataka
City:Tumkur
Area:Tiptur
Asset Category:Residential
Full Address:# 41, Anagondanahalli, Rangapura Post, Anagondanahalli, Kasaba Hobli, Tiptur
Size:1584 Sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a land parcel in Tiptur, Tumkur. The auction has a reserve price of INR 27,18,000 and an Earnest Money Deposit (EMD) of INR 2,71,800. The auction will be held on December 10, 2025, with bidding open from 11:10 AM to 11:25 AM. This is a single opportunity to bid on this property. Ensure all required documentation and the EMD are in order before participating.
Borrower Name:Mr. Umapathi
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Shivanna H S, Mr.Puneeth H U, Mr.Renukesh C
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land located in Tiptur, a taluk place. The reserve price seems reasonable given the size. Further investigation into the location and potential for residential development is needed to confirm its investment viability.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no:8885035382
