360 sq meter House for Auction in Madikeri, Madikeri – IOB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

360 sq meter (≈ 3,875 sq ft)

Reserve price / sq ft

₹1,709

Locality

Madikeri

City

Madikeri

State

Karnataka

Pincode

571214

Address

Madikeri, Karnataka, 571214 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

NAPOKLU-2564

Auction type

SARFAESI Auction

Borrower

soorya c***** ( P**** K M J*****

Auction start

27 Nov 2026, 11:00 AM

Auction end

27 Nov 2026, 02:00 PM

EMD submission deadline

26 Nov 2026, 07:02 PM

Inspection

13 Nov 2026, 10:02 AM – 26 Nov 2026, 06:02 PM

Authorised officer

MUNNA KUMAR VERMA AUTHORISED OFFICER

Officer contact

9752901411

E-auction portal

BAANKNET (Property ID IOBA2564SOORYA)

Price Check

This listing's reserve price works out to ₹1,709 per sq ft. The average across residential bank auctions in Madikeri on our site is ₹2,612 per sq ft, so this one is 35% below 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.

Previous Auctions of This Property

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 13 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBA2564SOORYA)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 07:02 PM. It is refunded if you don't win.
5. Bid online on 27 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.