Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610198
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,26,48,000
EMD:₹12,64,800
Auction Time:1:00 p.m. to 3:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Nelamangala, Bengaluru, Karnataka. It is being auctioned by Canara Bank under the SARFAESI Act. The plot is offered as part of a public auction, presenting a great opportunity for real estate investment or development in a developing area of Bengaluru. The property was formerly owned by Mr. Bodepudi Venkataramana. Potential buyers are advised to conduct their own due diligence regarding property specifics and legal aspects before participating in the auction.
State:Karnataka
City:Bengaluru
Area:Nelamangala
Asset Category:Residential
Full Address:5, Hippe Anjaneya Layout, Site No.5, Khaneshmari No.28/7/5, ward No.12, Near Hippe Anjaneya Layout, Nelamangala Town, Nelamangala, Bengaluru
Building/Society:Hippe Anjaneya Layout
Size:2407 Sq.ft
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential plot in Nelamangala, Bengaluru. The auction will take place on November 25, 2025, from 1:00 PM to 3:00 PM. The reserve price for this auction is ₹1,26,48,000, with an Earnest Money Deposit (EMD) of ₹12,64,800 required to participate. This is a unique chance to acquire a property in Karnataka through a transparent bidding process managed by the bank.
Borrower Name:Mr. Bodepudi Venkataramana
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Darapaneni Sailaja
Why This Property
The plot in Nelamangala presents a decent opportunity due to its location in a developing area of Bengaluru. The reserve price appears reasonable, however, further due diligence is advisable to understand the local market dynamics before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9113092975
