Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610307
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹38,00,000
EMD:₹3,80,000
Bid Increment:₹50,000
Auction Time:12:00 Noon to 12.15 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential plot located in Malur, Kolar, Karnataka. The property is being auctioned by Karnataka Bank under the SARFAESI Act.
State:Karnataka
City:Kolar
Area:malur
Asset Category:Residential
Full Address:11, Brindavana Garden, Site No. 11, Ward No.19, Brindavana Garden Layout, Beside Patalamma Extension, Malur Kasaba Hobli, Malur Taluk, Malur Town, Kolar District-563130, Brindavana Garden Layout, Malur
Building/Society:Brindavana Garden
Size:111.484 Sq. Meters
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Malur, Kolar, Karnataka. The auction will take place on November 19, 2025, from 12:00 PM to 12:15 PM. The reserve price for this property is ₹38,00,000, with an Earnest Money Deposit (EMD) of ₹3,80,000. This is an opportunity to acquire property from Mr. Arul Arasu's estate.
Borrower Name:Mr. Arul Arasu
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Deepa S
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Malur offers a good investment opportunity given its residential location and manageable reserve price. However, potential investors should carefully consider the auction terms and conduct thorough due diligence before participating. The location in Kolar district could present opportunities for growth but warrants careful evaluation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Assistant General Manager & Authorised Officer
Contact no: —
