Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610251
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹12,96,000
EMD:₹1,29,600
Auction Time:01.30 PM to 01.45 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a prime piece of land located in Kunigal, Tumkur, Karnataka, offered for auction by Karnataka Bank. The property is categorized as residential and presents an excellent opportunity for development or investment. The auction is conducted under SARFAESI norms.
State:Karnataka
City:Tumkur
Area:Kunigal
Asset Category:Residential
Full Address:7, Thaggikuppe Village Markonahalli (GP) Amruthur Hobli, Kunigal Takık Tumakuru District, Kunigal, Tumkur
Size:1600 Sq.ft.
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a land parcel in Kunigal, Tumkur. The reserve price is set at INR 12,96,000 with an Earnest Money Deposit (EMD) of INR 1,29,600. Bidding will take place on December 10, 2025, from 12:45 PM to 01:00 PM. This auction is a fantastic chance to acquire a valuable asset from a reputable bank.
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 property is a residential plot in Kunigal, a developing area. The reserve price is reasonable, presenting a potential investment opportunity. However, due diligence is advised to assess local market conditions and future appreciation prospects.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
