Plot for auction Maroli Mangalore 3 Cr PNB Housing Finance Limited

PNB Housing Finance Limited is conducting a SARFAESI auction for a prime piece of land located in Maroli, Mangalore, Karnataka. This residential asset, previously mortgaged by borrower Jacintha Prasad Panicker, offers a significant investment opportunity in a developing area. The land is situated in a well-connected part of Mangalore, making it suitable for various residential development projects. Don't miss this chance to acquire valuable real estate in a sought-after location.

This is a SARFAESI auction by PNB Housing Finance Limited for a land parcel in Maroli, Mangalore. The auction will take place on November 26, 2025, with bidding open from 2:00 PM to 3:00 PM. The reserve price is set at ₹2,61,68,000, with an Earnest Money Deposit (EMD) of ₹26,16,800 required to participate. This auction provides a transparent and competitive platform to acquire the specified land. Interested bidders are advised to review all auction terms and conditions prior to participating.

The property offers a reasonable investment prospect due to its location in Mangalore. The reserve price appears fair, but potential investors should conduct due diligence on the area's market value. Auction terms are standard, making it a calculated risk for those seeking land investments.