Non- Agricultural Land for auction BAPPANADU Mangalore 10 lakh Canara Bank

This auction features a prime parcel of Non-Agricultural Land located in Mulki, Mangalore, Karnataka. Situated in a developing residential area, this plot offers an excellent opportunity for investment or development. The property is being auctioned by Canara Bank under SARFAESI Act. It is a rectangular plot with clear title, ready for construction. The location benefits from proximity to essential amenities and transport links, making it an attractive proposition for future growth.

Canara Bank is conducting a SARFAESI auction for a Non-Agricultural Land in Mulki, Mangalore, Karnataka. The auction is scheduled for November 21, 2025, running from 11:30 AM to 12:30 PM. The reserve price is set at INR 9,65,000, with an Earnest Money Deposit (EMD) of INR 96,500 required to participate. This is a secured asset auction due to loan default by the borrower, Mr. Girish Kamath. Interested bidders are advised to review all auction terms and conditions on the Canara Bank portal or contact the branch for further details. Don't miss this chance to acquire a valuable asset in a growing region.

The property's location in Mulki, Mangalore, combined with the relative value of land in the area, suggests a calculated opportunity. The reserve price appears reasonable, but prospective investors should conduct thorough due diligence. The auction terms are standard, and the recommendation reflects a balance of potential gains and risks.