Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609860
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,24,44,000
EMD:₹12,44,400
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 11.15 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
A prime plot of land located in Bengaluru, Karnataka, offered for auction by Karnataka Bank. This residential plot presents a fantastic opportunity for development or investment in one of India's most dynamic cities. Situated in the bustling area of Bengaluru, the property boasts excellent connectivity and proximity to essential amenities.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Residential
Full Address:4320, Site No.4320 (Eastern portion), Municipal No.4320/16, PID No.9-18-16, situated at 1st Cross Road, "A" Block, Subramanyanagar 2nd Stage, Rajajinagar, Bengaluru
Size:675.00 Sqft
Auction Description
This is a SARFAESI auction conducted by Karnataka Bank for a residential plot in Bengaluru, Karnataka. The reserve price is INR 1,24,44,000, with an Earnest Money Deposit (EMD) of INR 12,44,400 required to participate. The auction will take place online on November 19, 2025, commencing at 11:00 AM and concluding at 11:15 AM. This is a limited-time opportunity to acquire a valuable asset.
Borrower Name:Mr Lola Krishna
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kasturi Bai D
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in a residential area of Bengaluru, offering decent investment potential. The reserve price is reasonable, and the location is well-established. However, potential investors should carefully assess the specific location and market conditions before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Assistant General Manager & Authorised Officer
Contact no: —
