Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613897
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹19,00,000
EMD:₹1,90,000
Auction Time:03.00 PM-04.00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A valuable residential plot located in Raibag, Belagavi, Karnataka. This property, part of a SARFAESI auction by Canara Bank, offers an excellent opportunity for investment or development. Situated in a developing area, it presents a promising prospect for future growth. The plot is being auctioned as part of loan recovery proceedings against Manjunath Gurunath Vernekar.
State:Karnataka
City:Belagavi
Area:Raibag
Asset Category:Residential
Full Address:TPC No 2030/1595, Near Datt Mandir RAIBAG, Raibag, Belgaum-591 317, Raibag, Belagavi
Size:43.9 X 35.9 Sq. Ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Raibag, Belagavi, Karnataka. The auction will take place on November 25, 2025, from 03:00 PM to 04:00 PM. The reserve price for this plot is ₹19,00,000, with an Earnest Money Deposit (EMD) of ₹1,90,000 required to participate. This is a secure online auction event, providing a transparent and efficient platform for interested bidders.
Borrower Name:Manjunath Gurunath Vernekar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in a developing area, Raibag. The reserve price seems reasonable, but potential investors should assess the local market conditions and growth prospects. Auction terms are standard.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:Public Auction
Contact Details:
Contact no:9406880047
