Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 4.5
Auction ID:609847
Bank Name:Canara Bank
Branch Name:ARM-2 Branch
Reserve Price:₹2,54,000
EMD:₹26,000
Bid Increment:₹1
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 valuable parcel of land located in the rapidly developing Varthur Hobli, Bengaluru, Karnataka. As a residential asset, it offers excellent potential for future development or investment. Situated in a prime area, this land presents a unique opportunity for buyers looking to secure a property in one of India's fastest-growing cities. The property is being auctioned by Canara Bank.
State:Karnataka
City:Bengaluru
Area:Varthur Hobli
Asset Category:Residential
Full Address:Sy No.57/1 of Varthur Village, Varthur Hobli, Bengaluru
Size:0.09 Acres
Auction Description
Canara Bank is conducting a SARFAESI auction for a parcel of land in Varthur Hobli, Bengaluru. The auction will take place on November 21, 2025, from 1:00 PM to 3:00 PM. The reserve price for this residential land is ₹25,40,000, with an Earnest Money Deposit (EMD) of ₹2,60,000 required. This is a significant opportunity to acquire property through a bank auction. The borrower for this auction is M/s. SLN CNC Tech Pvt Ltd.
Borrower Name:M/s. SLN CNC Tech Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Sri.Anantha, Smt. Renuka
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to the knowledge of the Bank
Why This Property
The property is a small land parcel in a developing area of Bengaluru. While the reserve price is relatively low, the small size and agricultural nature of the land may limit its immediate development potential. Requires careful assessment of local regulations and future development prospects.
Contact Details
Branch:Branch Office : ARM-2 Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9113092975
