Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611819
Bank Name:Indian Overseas Bank
Branch Name:Vasco Da Gama
Reserve Price:₹46,05,600
EMD:₹4,60,056
Bid Increment:₹20,000
Auction Time:10.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
A prime commercial shop located in Vasco Da Gama, Bengaluru, Karnataka, is being auctioned by Indian Overseas Bank. This property offers a fantastic opportunity for business owners and investors looking for a commercial space in a developing area. The shop is suitable for various retail or service-based businesses.
State:Karnataka
City:Bengaluru
Area:vasco da gama
Asset Category:Commercial
Full Address:14, Queeny Elite, Shop no 14 on the ground floor of the building "Queeny Elite" Swantantra Path, Vasco-da-gama, Vasco-da-gama, Goa
Building/Society:Queeny Elite
Size:23.12 m2
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a commercial shop in Vasco Da Gama, Bengaluru. The auction starts on November 25, 2025, at 10:00 AM and concludes on the same day at 04:00 PM. The reserve price is INR 46,05,600, with an Earnest Money Deposit (EMD) of INR 4,60,560. This is a unique chance to acquire commercial property through a bank auction.
Borrower Name:M/s SUKAMAL TRADERS
Auction Type:SARFAESI Auction
Guarantor Names:Mr. VIPIN DATTARAM SHETYE, Ms. SHITAL BHASKAR NIKHARGE
Legal Details
Encumbrance Details:NIL
Why This Property
The property is a commercial shop in Vasco da Gama, Goa, which offers decent investment potential. However, due diligence is recommended to assess local market conditions and future appreciation. The reserve price and auction terms are standard, placing it in the 'Calculated Opportunity' tier.
Contact Details
Branch:Branch Office : Vasco Da Gama
Service Provider:BAANKNET
Contact Details:
Contact no: —
