133 sq meter Commercial Building for Auction in Nagamangala, Mandya – Indian Bank

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

133 sq meter (≈ 1,431 sq ft)

Reserve price / sq ft

₹6,636

Locality

Nagamangala

City

Mandya

State

Karnataka

Pincode

571432

Address

Nagamangala, Karnataka, 571432 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

BENGALURU, KAMLANAGAR - 6866

Auction type

SARFAESI Auction

Borrower

Mr KT S**** S** L*** C***** a** Mrs B***** S W** M***** S****

Auction start

25 Nov 2026, 10:00 AM

Auction end

25 Nov 2026, 04:00 PM

EMD submission deadline

25 Nov 2026, 03:00 PM

Inspection

16 Nov 2026, 10:00 AM – 24 Nov 2026, 04:00 PM

Authorised officer

NARAIN SAHU

Officer contact

8050291624

E-auction portal

BAANKNET (Property ID IDIB7015447996)

Price Check

This listing's reserve price works out to ₹6,636 per sq ft. The average across commercial bank auctions in Mandya on our site is ₹5,599 per sq ft, so this one is 19% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 16 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB7015447996)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 25 Nov 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 25 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.