Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613194
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹1,17,40,000
EMD:₹11,74,000
Bid Increment:₹1,00,000
Auction Time:10.00 A.M. to 10.30 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-05-12
Bid Start Date:2025-12-06
Property Description
This auction features a parcel of land located in Begul Hobli, Bengaluru, Karnataka, offered by Canara Bank. The property is categorized as residential land, presenting a potential opportunity for development or investment. Situated in a key area of Bengaluru, this land is part of a SARFAESI auction. The borrower for this asset is Sri. Sridhar Ranganath.
State:Karnataka
City:Bengaluru
Area:Begul Hobli
Asset Category:Residential
Full Address:Yelenahalli Village and Begur Village, Begur Hobli, Bangalore South Taluk, Begur Hobli, Bengaluru
Size:15 Acres
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Begul Hobli, Bengaluru, Karnataka. The auction will take place on December 6, 2025, with bidding open from 10:00 AM to 10:30 AM. The reserve price for this land is INR 1,17,40,000, and the Earnest Money Deposit (EMD) required is INR 11,74,000. This is a unique opportunity to acquire land in a developing region of Bengaluru.
Borrower Name:Sri. Sridhar Ranganath
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Ulaganathan R
Legal Details
Possession Status:Physical
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
This land parcel in Begur Hobli presents a strong investment opportunity due to its location and size. The reserve price appears reasonable given the property's potential, and the auction terms are standard. A 'Strong Buy' recommendation is justified, especially for investors familiar with the Bengaluru real estate market.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:6301683293
