Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610247
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹9,72,000
EMD:₹97,200
Auction Time:12.45 PM to 01.00 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a land parcel located in Kunigal, Tumkur, Karnataka, offered through a SARFAESI auction by Karnataka Bank. The property is categorized as residential. The borrower associated with this asset is Mr. Mahesh G.
State:Karnataka
City:Tumkur
Area:Kunigal
Asset Category:Residential
Full Address:46, Thaggikucce Village, Markonahalli (G.P), Amruthur Hobli, Kunigal Taluk Tumakur District, Kunigal, Tumkur
Size:1200 Sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a land parcel in Kunigal, Tumkur, Karnataka. The auction will take place on December 10, 2025, starting at 12:45 PM and concluding at 01:00 PM. The reserve price for this auction is ₹9,72,000.00, with an Earnest Money Deposit (EMD) of ₹97,200.00 required to participate.
Borrower Name:Mr.Mahesh G
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Padma Mahesh
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The land in Kunigal offers a moderate investment opportunity due to its location and reserve price. While the area is developing, the relatively low price point and clear auction terms make it a calculated risk with potential for appreciation. Further due diligence on local market trends is advised.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
