Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613082
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹8,10,000
EMD:₹81,000
Auction Time:11:30 A.M to 12:30 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a prime non-agricultural land parcel located in Mangalore Taluka, Dakshina Kannada, Karnataka. Classified under the residential asset category, this property presents a significant opportunity for development or investment. It is being auctioned by Canara Bank under the SARFAESI Act. The land is situated in a well-connected area, offering potential for various residential projects.
State:Karnataka
City:Dakshina Kannada
Area:Mangalore Taluka
Asset Category:Residential
Full Address:Naringana Village of Bantwal Taluk within the registration of Sub District of Mangalore Taluk, D.K. District, Naringana, Mangalore
Size:0-21 A.C
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable non-agricultural land in Mangalore Taluka, Dakshina Kannada, Karnataka. The auction will take place on November 21, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this residential asset is INR 8,10,000, with an Earnest Money Deposit (EMD) of INR 81,000 required to participate. This auction is a great chance to acquire land in a developing region.
Borrower Name:M/s. Faaz Trading
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S Hameed Alias Abdul Hameed
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a non-agricultural land in a developing location, offering a calculated investment opportunity. The reserve price is reasonable, but potential investors should thoroughly investigate the property's encumbrances and development potential. This opportunity is suited for those with a moderate risk appetite.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Deepankar Shrigyan
Contact no:0824-2863208
