Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610231
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,26,48,000
EMD:₹12,64,800
Auction Time:10.40 AM to 10.55 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
A prime residential plot located in Nelamangala, Bengaluru, Karnataka, offered through a SARFAESI auction by Karnataka Bank. This is a valuable opportunity to acquire land in a developing area.
State:Karnataka
City:Bengaluru
Area:Nelamangala
Asset Category:Residential
Full Address:5, Site No.5, Khaneshmari No.28/7/5, ward No.12, Near Hippe Anjaneya Layout, Nelamangala Town, Nelamangala, Bengaluru
Size:2407 sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Nelamangala, Bengaluru. The auction will take place on December 10, 2025, between 10:40 AM and 10:55 AM. The reserve price is ₹1,26,48,000 with an EMD of ₹12,64,800. This auction is part of the recovery process for M/s Ramco Concrete Block.
Borrower Name:M/s Ramco Concrete Block
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Pavithra T, Mr.Somashekar, Mr.Thope Gowda K H
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable plot in a developing area near Bengaluru, offered at a moderate reserve price. However, the auction terms lack specifics on bid increments, making it a calculated opportunity for those familiar with the local market. The 'Constructive' possession status adds a layer of risk that needs consideration.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager
Contact no: —
