Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614037
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹49,00,000
EMD:₹4,90,000
Bid Increment:₹50,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This is a residential plot located in Anekal, Bengaluru, Karnataka. The property is being auctioned by Canara Bank under the SARFAESI Act. It represents a valuable opportunity for investment or development in a growing area of Bengaluru.
State:Karnataka
City:Bengaluru
Area:Anekal
Asset Category:Residential
Full Address:52, MANAR PURE EARTH, Plot No 52, MANAR PURE EARTH, Sarjapura village, Sarjapur Hobli, Anekal Taluk, Bengaluru Urban District-562125, Anekal, Bengaluru
Building/Society:MANAR PURE EARTH
Size:1161.90 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Anekal, Bengaluru. The auction will take place on November 24, 2025, from 10:30 AM to 11:30 AM. The reserve price is INR 49,00,000, with an Earnest Money Deposit (EMD) of INR 4,90,000 required to participate. This is a bank-initiated auction for the property formerly owned by Mr. Indu Sekhar Raju Digala.
Borrower Name:Mr. Indu Sekhar Raju Digala
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Manu Smrithi Rao, Mr. D. Dhananjaya Raju, M/s. Aadway Construction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not to the knowledge of the Bank.
Why This Property
The property is a residential plot in a developing area of Bengaluru, offering potential for future appreciation. The auction terms are standard. The reserve price is relatively reasonable, but due diligence is recommended to assess the development potential and market conditions.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:Public Auction
Contact Details:
Contact no:9901642631
