Shop for Auction Derebail Mangalore 68.8 Lakh by Union Bank of India 12 Jun 2026
Derebail, Mangalore
Area: 207 sq. ft.
Property No. 19 Shop Premises 207 in the Second floor in Commercial Building Palm Arcade, Derebail Village, Mangalore
Union Bank of India · Stressed asset Management Branch : Mumbai
Reserve price
₹68,85,000
EMD ₹6,88,500
Auction date
12 Jun 2026, 12:00 PM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 207 sq. ft.
- ▸Locality: Derebail
- ▸Reserve: ₹68,85,000
- ▸EMD: ₹6,88,500
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Shop · Commercial |
| Locality | Derebail |
| Built-up / plot area | 207 sq. ft. |
| Lender | Union Bank of India |
| Branch | Stressed asset Management Branch : Mumbai |
| Unit / flat no. | Shop Premises 207 |
| Building / society | Palm Arcade |
| Floor | Second floor |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in Derebail, Mangalore by Union Bank of India — reserve price ₹68,85,000, 207 sq. ft., Symbolic possession.
Bank auction property! Don't miss this opportunity to own a commercial shop in the prime location of Derebail, Mangalore. This 207 sq. ft. shop premise 207 is located on the second floor of the 'Palm Arcade' commercial building. The reserve price for this property is ₹6885000.0 with an EMD of ₹688500.0. The e-auction date is set for 2026-05-20. Take advantage of this bank auction property and invest in a valuable commercial space in Mangalore.
GeoSquare note: This commercial shop in Derebail, Mangalore presents a reasonable investment opportunity given its location and price range. However, the symbolic possession status introduces a degree of risk. The relatively lower price point compared to market values might compensate for the possession uncertainty, making it a potentially worthwhile consideration for investors willing to take on some risk.
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