693 sq feet Flat for Auction in Kushalnagar, Kushalanagara, Madikeri – BOI

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

693 sq feet (≈ 693 sq ft)

Reserve price / sq ft

₹4,473

Locality

Kushalnagar, Kushalanagara

City

Madikeri

State

Karnataka

Pincode

571234

Address

KUSHALNAGAR, Kushalanagara, Karnataka, 571234 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

KUSHAL NAGAR-8446

Auction type

SARFAESI Auction

Borrower

SALMAN

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

AMIT KUMAR

Officer contact

9850477529

E-auction portal

BAANKNET (Property ID BKIDSALMANE)

Price Check

This listing's reserve price works out to ₹4,473 per sq ft. The average across residential bank auctions in Madikeri on our site is ₹2,612 per sq ft, so this one is 71% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKIDSALMANE)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.