Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610493
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹68,50,000
EMD:₹6,85,000
Bid Increment:₹50,000
Auction Time:10:00 AM to 12:30 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-09
Property Description
This is a prime land parcel located in the scenic Chikkamagaluru region of Bengaluru, Karnataka. Ideal for residential development or investment, this plot offers a great opportunity to own a piece of this developing area. The property is being auctioned by Canara Bank under SARFAESI Act.
State:Karnataka
City:Bengaluru
Area:Chikkamagaluru
Asset Category:Residential
Full Address:SURVEY NO 6/2, MALLANDUR VILLAGE, BALEHONNUR HOBLI, NR PURATALUK, CHIKKAMAGALUR DIST, Mallandur Village, Chikkamagaluru
Size:1.00 Acre
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Chikkamagaluru, Bengaluru, Karnataka. The auction will take place on December 9, 2025, from 10:00 AM to 12:30 PM. The reserve price for this auction is ₹68,50,000, with an Earnest Money Deposit (EMD) of ₹6,85,000 required. This is a unique opportunity to acquire valuable land in a sought-after location.
Borrower Name:Sri. NARAYANAMURTHY K K
Auction Type:SARFAESI Auction
Guarantor Names:Smt SHOBHA N MURTHY, Sri. RAMAKRISHNA T R
Legal Details
Possession Status:Symbolic
Encumbrance Details:There are no encumbrances to the knowledge of the Bank
Why This Property
The land in Chikkamagaluru presents a calculated opportunity due to its agricultural potential and location. The reserve price is reasonable, but potential buyers should conduct thorough due diligence. The auction terms are standard, and the location is promising for long-term investment.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:ebkray
Contact Details:
Contact no:9960150664
