Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611067
Bank Name:Canara Bank
Branch Name:ARM Manipal Branch
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Bid Increment:₹1,00,000
Auction Time:11.00AM to 12.00PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a vacant land parcel located in Kundapura Taluk, Udupi, Karnataka. The property is designated for residential use and is being auctioned by Canara Bank under the SARFAESI Act. It presents an opportunity for development or investment in a growing region.
State:Karnataka
City:Udupi
Area:Kundapura Taluk
Asset Category:Residential
Full Address:Sy. No. 136/1P2 Kallur Village, Byndoor Hobli, Kundapura Taluk, Udupi Dist, Kallur Village, Byndoor Hobli, Udupi
Size:5 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a land property in Kundapura Taluk, Udupi, Karnataka. The auction will take place on November 20, 2025, from 11:00 AM to 12:00 PM. The reserve price for this residential land is ₹10,000,000, with an Earnest Money Deposit (EMD) of ₹1,000,000 required to participate. The property was formerly associated with M/s K S S Hotel and Lodging.
Borrower Name:M/s K S S Hotel and Lodging Represented
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Surendra Shetty K (deceased), Sri. Prakash Shetty, Smt.Shyamala Shetty, Smt. Shakila P Shetty, Mr.pradeep Rajeev Shetty
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel with existing structures (hotel and guest house) in a developing area. The location in Kundapura, Udupi presents potential for tourism and commercial development. The reserve price and EMD are significant, warranting careful due diligence before bidding.
Contact Details
Branch:Branch Office : ARM Manipal Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0820-2575412/9449862135/9598559920/8884738975
