Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609943
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹23,17,500
EMD:₹2,31,750
Bid Increment:₹50,000
Auction Time:11:30 AM to 11:45 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a residential plot located in Krishnarajapete, Mandya, Karnataka. It is being auctioned by Karnataka Bank as part of a SARFAESI action concerning the borrower Mrs. Lakshmidevamma. The property offers a prime location in a developing area.
State:Karnataka
City:Mandya
Area:Krishnarajapete
Asset Category:Residential
Full Address:825, Property No.825, E Khatha No.152100102600120305, Kikkeri Village, Krishnarajapete Taluk, Mandya District-571423, Kikkeri Village, Mandya
Size:148.46 Sq.Mtr
Auction Description
Karnataka Bank is holding a SARFAESI auction for a residential plot in Krishnarajapete, Mandya, Karnataka. The auction will take place on December 10, 2025, with bidding open from 11:30 AM to 11:45 AM. The reserve price for this plot is ₹23,17,500, and the Earnest Money Deposit (EMD) required is ₹2,31,750. Interested parties should review all auction terms and conditions before participating.
Borrower Name:Mrs.Lakshmidevamma
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Indresh, Mr.K.B. Shekar
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area with a reasonable reserve price. However, the shorter auction time and constructive possession status present a calculated opportunity for interested buyers. Further due diligence on the property's legal status and market value is recommended.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
