Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613045
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹96,00,000
EMD:₹9,60,000
Auction Time:10:30 am to 11:30 am
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A prime residential plot located in Mangalore, Karnataka, offered for auction by Canara Bank. This plot presents an excellent opportunity for development or investment in a desirable area. Situated in Mangalore, it benefits from the city's infrastructure and potential for growth. Ideal for building a dream home or for real estate ventures.
State:Karnataka
City:Mangalore
Area:Mangalore
Asset Category:Residential
Full Address:1288-12861287, Gandasi Village, Arsikere Taluk, Gandasi, Mangalore
Size:2837.39 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Mangalore, Karnataka. The bidding starts with a reserve price of INR 96,00,000, with an Earnest Money Deposit (EMD) of INR 9,60,000 required to participate. The auction will be held online on November 25, 2025, commencing at 10:30 AM and concluding at 11:30 AM. This is a unique chance to acquire property through a transparent bank auction process.
Borrower Name:Mrs. AV Savitha
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S Lokesha
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in Gandasi, Arsikere Taluk, Mangalore, offered at a reserve price of ₹96,00,000.00. While the location is not a prime metropolitan area, the size and the relatively clear auction terms make it a calculated opportunity for local investors or those seeking land for development.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0824-2440469
