Shop for Auction Derebail Village Mangalore 68.8 Lakh by Union Bank of India 12 Jun 2026
Derebail Village, Mangalore
Area: 207 sq. ft.
Shop Premises 207 in the Second floor in Commercial Building "Palm Arcade", No. 88 Derebail Village, Mangalore Taluk
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 Village
- ▸Reserve: ₹68,85,000
- ▸EMD: ₹6,88,500
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Shop · Commercial |
| Locality | Derebail Village |
| Built-up / plot area | 207 sq. ft. |
| Lender | Union Bank of India |
| Branch | Stressed asset Management Branch : Mumbai |
| Unit / flat no. | 207 |
| Building / society | Palm Arcade |
| Floor | Second |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in Derebail Village, Mangalore by Union Bank of India — reserve price ₹68,85,000, 207 sq. ft., Symbolic possession.
Commercial shop for sale in Mangalore bank auction! This prime property, located in Palm Arcade, Derebail Village, offers 207 sq. ft. of super built-up area on the second floor. Ideal for businesses seeking a strategic location in Mangalore City. The e-auction is scheduled for June 12, 2026, with a reserve price of ₹68,85,000 and an EMD of ₹6,88,500. Don't miss this opportunity to acquire a valuable commercial property through a bank auction property in Mangalore.
GeoSquare note: The commercial shop's location in Mangalore is a positive aspect, but the symbolic possession status slightly lowers its appeal. Priced at ₹68.85 Lakhs, it requires careful consideration of market conditions and potential physical possession challenges. Overall, it's a fair option with manageable risk, best suited for informed buyers.
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