Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612368
Bank Name:Bank of Baroda
Branch Name:Regional Office : Mysore
Reserve Price:₹30,65,000
EMD:₹3,06,500
Bid Increment:₹10,000
Auction Time:02:00 PM to 06:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:04-12-2025 04:00 PM
Bid Start Date:2025-05-12
Property Description
A parcel of residential land located in Gungral Chatra, Mysuru, Karnataka. This property is being auctioned by Bank of Baroda as part of a SARFAESI action. The land offers a prime opportunity for development in a well-regarded area of Mysuru. Suitable for residential construction, this plot presents potential for investors and individual buyers alike. The asset was previously owned by Mr. Jafar Sadik.
State:Karnataka
City:Mysuru
Area:Gungral Chatra
Asset Category:Residential
Full Address:342/13, EXOTIC FARMS, Site property bearing No. 342/13, Unique No 152200401145022048, Sy no 96/5, EXOTIC FARMS, Gungral Chatra Village, Ilwalla Hobli, Mysore Taluk, Gungral Chatra, Mysuru
Building/Society:EXOTIC FARMS
Size:162.33 Sq Mtrs
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a valuable plot of residential land in Gungral Chatra, Mysuru, Karnataka. The auction will take place on December 5, 2025, commencing at 02:00 PM and concluding at 06:00 PM on the same day. The reserve price is set at 30,65,000.00 INR, with an Earnest Money Deposit (EMD) of 3,06,500.00 INR required to participate. This is a unique opportunity to acquire land in Mysuru.
Borrower Name:Mr. Jafar Sadik
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land in a developing area with a reasonable reserve price. Its location in Gungral Chatra, Mysuru offers potential for future appreciation. However, due to the symbolic possession and associated risks, it's categorized as a calculated opportunity.
Contact Details
Branch:Branch Office : Regional Office : Mysore
Service Provider:Public Auction
Contact Details:
Contact no: —
