Property for Auction in Mangalore Taluka, Dakshina Kannada, Karnataka
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613083
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹12,60,000
EMD:₹1,26,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Submission Date:2025-11-20
Bid Start Date:2025-11-21
A prime plot of Non-Agricultural Land located in Mangalore Taluka, Dakshina Kannada, Karnataka. This residential asset is being auctioned by Canara Bank under the SARFAESI Act. The property offers a significant opportunity for development in a desirable region. The land is situated in an area known for its growth potential, making it an attractive investment for builders and individuals seeking to establish a residence or commercial venture. Its classification as non-agricultural land provides flexibility for various construction purposes. The surrounding locality offers essential amenities and connectivity, further enhancing its appeal.
State:Karnataka
City:Dakshina Kannada
Area:Mangalore Taluka
Asset Category:Residential
Full Address:Athikaribettu Village of Mangalore Taluk, Athikaribettu Village, Mangalore
Size:0-11.02 A-C
Canara Bank presents a SARFAESI auction for a Non-Agricultural Land in Mangalore Taluka, Dakshina Kannada, Karnataka. The auction is scheduled for November 21, 2025, commencing at 11:30 AM and concluding at 12:30 PM. The reserve price for this valuable asset is ₹12,60,000, with an Earnest Money Deposit (EMD) of ₹1,26,000 required to participate. This is a unique opportunity to acquire a property in a developing area under the provisions of the SARFAESI Act. Interested bidders are advised to review all auction terms and conditions provided by Canara Bank before participating. Don't miss this chance to bid on a promising piece of real estate.
Borrower Name:Mr. M. Vittal Pai
Auction Type:SARFAESI Auction
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
The land in Athikaribettu presents a reasonable investment, but requires due diligence on local market conditions and future development potential. The reserve price seems fair, making it a calculated opportunity for those familiar with the region. Overall location is good and price is affordable.
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Deepankar Shrigyan
Contact no:0824-2863208