Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611515
Bank Name:Indian Bank
Branch Name:Mangaluru Branch
Reserve Price:₹61,87,500
EMD:₹6,18,750
Bid Increment:₹50,000
Auction Time:11AM to 4PM
Service Provider:ebkray
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a prime Non-Agricultural Land parcel located in the vibrant city of Mangalore, Karnataka, offered for auction by Indian Bank. Situated within the Mangalore area, this residential asset presents a compelling opportunity for development or investment in a growing urban locale. The property is being auctioned under the SARFAESI Act.
State:Karnataka
City:Mangalore
Area:Mangalore
Asset Category:Residential
Full Address:D.No 7-177 & 7-177/1 in Katipalla Village, 7th block, surathkal, Katipalla, Mangalore
Size:12.5 cents
Auction Description
Indian Bank presents an SARFAESI auction for a valuable Non-Agricultural Land in Mangalore, Karnataka. The auction commences on November 19, 2025, at 11:00 AM and concludes at 4:00 PM on the same day. The reserve price for this residential plot is ₹61,87,500, with an Earnest Money Deposit (EMD) of ₹6,18,750. This is a unique chance to acquire a significant land asset in a sought-after location.
Borrower Name:Mr Abdul Aziz s/o
Auction Type:SARFAESI Auction
Guarantor Names:Mr Mohammed Shareef s/o Abdul Khader Baikampady
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a non-agricultural land in Mangalore, offered at a reasonable reserve price. While it presents an opportunity, potential buyers should carefully assess the location and legal aspects. The 'Symbolic' possession status warrants further investigation.
Contact Details
Branch:Branch Office : Mangaluru Branch
Service Provider:ebkray
Contact Details:
Contact no:8291220220
