Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611671
Bank Name:Bank of India
Branch Name:Bengaluru Zone
Reserve Price:₹18,90,000
EMD:₹1,89,000
Auction Time:11.00 am to 05.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This is a SARFAESI auction for a piece of land located in Santhebennur, Davanagere, Karnataka. The property is being auctioned by the Bank of India. This is a residential asset. The auction will take place on December 9, 2025, between 11:00 AM and 5:00 PM. The reserve price is INR 1,890,000, with an EMD of INR 189,000.
State:Karnataka
City:Davanagere
Area:Santhebennur
Asset Category:Residential
Full Address:Shanthi Sagar Road, Lingeshwara Badavane, Chikkabennur, Santhebennur, Davanagere
Size:133.02 Sq.mtr
Auction Description
Bank of India is conducting a SARFAESI auction for a land parcel in Santhebennur, Davanagere, Karnataka. The property, categorized as residential, is part of the M/s. Marulasiddeshwara borrower's assets. Bidding opens on December 9, 2025, at 11:00 AM and closes at 5:00 PM on the same day. The minimum bid (reserve price) is set at INR 1,890,000, and the Earnest Money Deposit (EMD) required is INR 189,000.
Borrower Name:M/s. Marulasiddeshwara
Auction Type:SARFAESI Auction
Guarantor Names:Mr. M Jayadev Kumar, Mr. M Vageesh, Mr. Murugendriah
Legal Details
Possession Status:constructive
Encumbrance Details:Not Known to Bank
Why This Property
This land in Santhebennur presents a calculated opportunity given its location near Davanagere and a reasonable reserve price. The auction terms are standard, and further due diligence on the location is recommended. The property type and location suggest moderate potential for appreciation.
Contact Details
Branch:Branch Office : Bengaluru Zone
Service Provider:BAANKNET
Contact Details:
Contact no: —
