Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:611929
Bank Name:SMFG INDIA CREDIT COMPANY LIMITED
Branch Name:Corporate Office : Mumbai
Reserve Price:₹27,12,00,000
EMD:₹2,71,20,000
Auction Time:11:00 am to 02:00 pm
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-09
Property Description
Prime plot of land located in Bengaluru, Karnataka, offered by SMFG INDIA CREDIT COMPANY LIMITED. This residential plot presents a significant investment opportunity in a thriving urban area. Situated in Bengaluru, the property benefits from the city's robust infrastructure and economic growth. Ideal for development or personal use, this plot is part of a SARFAESI auction.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Residential
Full Address:3j, Site No.3j, Situated At In Koramangala Industrail Layout Area, Koramangala, Bengaluru
Size:120x80 ft
Auction Description
SMFG INDIA CREDIT COMPANY LIMITED is conducting a SARFAESI auction for a residential plot in Bengaluru, Karnataka. The auction will take place on December 9, 2025, from 11:00 AM to 02:00 PM. The reserve price for this plot is ₹27,12,00,000, with an Earnest Money Deposit (EMD) of ₹2,71,20,000 required to participate. This is a unique opportunity to acquire valuable real estate in Bengaluru.
Borrower Name:MIR ALTAF HUSSAIN
Auction Type:SARFAESI Auction
Guarantor Names:SYED KHALID ALTAF, SYEDTABRAZ ALTAF, MIR ALTAF HUSSAIN, SALMA ZUBAIR, SYED KHALID ALTAF, SYED KHALID ALTAF
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Koramangala, a well-developed industrial area in Bengaluru, makes it a desirable investment. The type of property is a plot that can be developed. While the reserve price is high, the potential for returns in this location justifies a Strong Buy recommendation.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:Public Auction
Contact Details:
G Durga Prasad
Contact no:+91-8886851222
