Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613284
Bank Name:Bharat Bank
Branch Name:Mangalore
Reserve Price:₹1,63,00,000
EMD:₹16,30,000
Auction Time:11:30 AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a Non-Agricultural Land located in the bustling city of Mangaluru, Dakshina Kannada, Karnataka. The land, categorized as residential, offers a prime opportunity for development or investment in a sought-after region. Bharat Bank is facilitating the sale of this valuable asset, previously associated with M/s. Inart Infrastructure. Its strategic location in Mangaluru ensures accessibility and potential for future growth, making it an attractive prospect for discerning buyers.
State:Karnataka
City:Dakshina Kannada
Area:Mangaluru
Asset Category:Residential
Full Address:90A, R.S No.174/3(Part) [TS No.748/3(Part)], No.90A, Boloor Village, Mangaluru Taluk, within No.6, mannagudda Ward of Mangalore City Corporation, Boloor, Mangaluru
Size:6.25 cents
Auction Description
Bharat Bank presents a SARFAESI auction for a Non-Agricultural Land parcel in Mangaluru, Dakshina Kannada. The auction has a reserve price of ₹1,63,00,000 and an Earnest Money Deposit (EMD) of ₹16,30,000. Bidders can participate in this online auction on November 26, 2025, from 11:30 AM to 12:30 PM. This is a unique chance to acquire a significant property in Karnataka, offered under the SARFAESI Act, providing a transparent and regulated bidding process.
Borrower Name:M/s. Inart Infrastructure
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Yashraj Ramakrishna, Mrs. Soumya, Mrs. Aditi Jyesht Verman, Mrs. Gayathri Yashraj, Mr. Indra Verman, Mrs. Savana Vermen
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Mangaluru and its nature as non-agricultural land offers potential. However, the overall investment depends on local market conditions. A reserve price of ₹16,300,000 suggests a potentially valuable asset, but careful due diligence is recommended.
Contact Details
Branch:Branch Office : Mangalore
Service Provider:Public Auction
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
