Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:609001
Bank Name:Canara Bank
Branch Name:Bengaluru
Reserve Price:₹8,91,000
EMD:₹89,100
Bid Increment:₹5,000
Auction Time:11:00 AM to 12:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-11-13
Property Description
This is a bank auction for a vehicle located in Bengaluru, Karnataka, presented by Canara Bank under the SARFAESI Act. The property is a vehicle, formerly owned by Mr. HENRY DAYAL. Bengaluru is a major economic and cultural hub in India, known for its IT industry and vibrant lifestyle. The reserve price for this auction is INR 891,000, with an Earnest Money Deposit (EMD) of INR 89,100 required to participate.
State:Karnataka
City:Bengaluru
Area:Bengaluru
Asset Category:Vehicle Auctions
Full Address:No 25, 9th Cross, Karamchand Layout, Lingarajapuram, ST Thomas Town, Lingarajapuram, Bengaluru
Auction Description
Canara Bank is conducting an online SARFAESI auction for a vehicle in Bengaluru, Karnataka. The auction will take place on November 13, 2025, starting at 11:00 AM and concluding at 12:00 PM. Interested bidders must submit an EMD of INR 89,100. The reserve price is set at INR 891,000. This is a unique opportunity to acquire a vehicle through a transparent and regulated auction process.
Borrower Name:Mr. HENRY DAYAL
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This vehicle auction in Bengaluru presents a calculated opportunity, given its popular model and location. While not a prime investment, the reserve price and available financing options could make it a worthwhile purchase for interested buyers. Conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Bengaluru
Service Provider:BAANKNET
Contact Details:
ABHAY KUMAR
Contact no:9008920108
