Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612350
Bank Name:Encore ARC Pvt Ltd
Branch Name:Corporate Office - Gurugram
Reserve Price:₹2,20,50,000
EMD:₹22,05,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 1:00 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a residential plot auction located in Mysore, Mysuru, Karnataka. The property is part of a SARFAESI auction initiated by Encore ARC Pvt Ltd, with Mr. Aboobacker Siddique as the borrower. This presents a unique opportunity to acquire land in a well-established area.
State:Karnataka
City:Mysuru
Area:Mysore
Asset Category:Residential
Full Address:19, Mysore District, N.R. Mohalla, Subhash Nagar, Old Mysore Bangalore Road extension House Bearing No. 19, N.R. Mohalla, Mysore
Size:2400 sq ft
Auction Description
Encore ARC Pvt Ltd is conducting a SARFAESI auction for a residential plot in Mysore, Mysuru, Karnataka. The auction begins on November 26, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is ₹2,20,50,000, with an EMD of ₹22,05,000. Interested parties should review all auction terms and conditions.
Borrower Name:Mr. Aboobacker Siddique
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Umar Farroq, Mr. Mohammed Haneef, Mr. Mohsin Ahamed
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Mysore and is a residential plot. The reserve price seems reasonable for the location. However, further due diligence is recommended due to the 'as is where is' basis of the auction.
Contact Details
Branch:Branch Office : Corporate Office - Gurugram
Service Provider:bankeauctions.com / C1 India
Contact Details:
K.Nagendran
Contact no:9176291717
