Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611064
Bank Name:Canara Bank
Branch Name:ARM Manipal Branch
Reserve Price:₹17,00,000
EMD:₹1,70,000
Bid Increment:₹10,000
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 prime plot of land located in Udupi, Udupi, Karnataka, offered for sale by Canara Bank through a SARFAESI auction. The property is categorized as residential land and presents an excellent opportunity for development or investment in a well-connected region. Its location in Udupi provides access to essential amenities and infrastructure.
State:Karnataka
City:Udupi
Area:Udupi
Asset Category:Residential
Full Address:Sy. No. 21-8 (S. No. 21-8P1 as per RTC), Korangrapady Village, Udupi Taluk & Dist, Korangrapady Village, Udupi
Size:29 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Udupi, Karnataka. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this valuable asset is ₹17,00,000, with an Earnest Money Deposit (EMD) of ₹1,70,000 required to participate. This is a unique chance to acquire property directly from the bank.
Borrower Name:M/s Kammale Engineers and Contractors
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Raghavendra Kunder, Sri Manjunath K G Sri Don Sherlock Karkada, Sri Hemanth S Poojari, Sri Dinesh Poojari
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a fair opportunity due to its location in Udupi and manageable reserve price. However, potential investors should conduct a thorough due diligence of the property's surroundings. The auction terms are standard, presenting a calculated risk for those seeking land investments.
Contact Details
Branch:Branch Office : ARM Manipal Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer Canara Bank
Contact no:0820-2575412/9449862135/9598559920/8884738975
