Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610529
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹16,65,000
EMD:₹1,67,000
Bid Increment:₹25,000
Auction Time:02:30 pm to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
Prime commercial shop located in Quepem, Goa, offered by Canara Bank through a SARFAESI auction. This asset category property presents a significant opportunity for business expansion or investment in a developing area. The shop is situated in a strategically advantageous location within Quepem, Goa, offering good visibility and accessibility. Ideal for various retail or service-oriented businesses.
State:Goa
City:Goa
Area:Quepem
Asset Category:Commercial
Full Address:Shop No. 3, H & M Classic, Shop No. 3, H & M Classic, Sasanmoddi, Cacode, Cacode, Quepem, Goa
Building/Society:H & M Classic
Size:27.00 sq. mtrs
Auction Description
Canara Bank is conducting an e-auction for a commercial shop in Quepem, Goa, under the SARFAESI Act. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this valuable property is INR 16,65,000, with an Earnest Money Deposit (EMD) of INR 1,67,000 required to participate. Don't miss this chance to acquire a commercial asset in Goa.
Borrower Name:M/s Arshad Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Fouziya Ajeez Kittur, Mr. Allabaksh Basheer Kittur
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The commercial shop in Quepem offers a decent investment opportunity due to its location. The reserve price seems reasonable. However, further due diligence is required to assess local market conditions and potential rental yields before making a final decision.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
