Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609848
Bank Name:Canara Bank
Branch Name:ARM-2 Branch
Reserve Price:₹2,26,000
EMD:₹23,000
Bid Increment:₹0.01
Auction Time:01:00 PM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a bank auction of a residential land parcel located in the prominent Varthur Hobli of Bengaluru, Karnataka. Offered by Canara Bank under SARFAESI rules, this property presents an excellent investment opportunity in a rapidly developing area. The land is ideal for residential development, promising significant potential for future growth and appreciation. Don't miss this chance to acquire a valuable asset in one of India's most dynamic cities.
State:Karnataka
City:Bengaluru
Area:Varthur Hobli
Asset Category:Residential
Full Address:Sy No 57/2 of Varthur Village, Varthur Hobli, Bengaluru
Size:0.08 Guntas
Auction Description
Canara Bank is pleased to announce a SARFAESI auction for a prime residential land in Varthur Hobli, Bengaluru. The auction will take place on November 21, 2025, with bidding open from 01:00 PM to 03:00 PM. The reserve price for this valuable plot is ₹22,60,000, with an Earnest Money Deposit (EMD) of ₹2,30,000 required to participate. This is a fantastic opportunity to invest in real estate through a transparent and secure bank auction process. All interested parties are encouraged to review the auction terms and conditions and participate actively.
Borrower Name:M/s. SLN CNC Tech Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. M. L. B. Gowda, Mr. M. V. Ashoka, Mrs. M.V.Suma, Mr. Shiva Prasad J. M., Mrs. Umadevamma, Sri. Ramachandra K S/o Kuppanna, Sri.Arjun A S/o Sri.Anantha, Sri Anatha S/o Sri. Dodda Thippanna, Smt. Aruna A W/o Sri. Ramachandra K, Smt. Renuka W/o Sri. Anantha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to the knowledge of the Bank
Why This Property
The property is a land parcel in Varthur Hobli, Bengaluru, offered at a relatively low reserve price. While it requires due diligence on land boundaries and encumbrances, the potential for appreciation in this developing area makes it a calculated opportunity. The relatively small EMD makes it accessible to a broader range of investors.
Contact Details
Branch:Branch Office : ARM-2 Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9113092975
