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Flat SARFAESI Auction Symbolic Possession

2,500 sq feet Flat for Sale (Bank Auction) in Palace Cross Road, Bengaluru, Bengaluru – BOI

Palace Cross Road, Bengaluru, Bengaluru, Karnataka · Auction ID #28691

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Flat photo 1 Flat photo 2 Flat photo 3 Flat photo 4 Flat photo 5
Indicative Price ₹1,32,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area2,500 sq feet

Property Details

Property type
Flat (Residential)
Possession
Symbolic Possession
Area
2,500 sq feet (≈ 2,500 sq ft)
Reserve price / sq ft
₹5,280
Locality
Palace Cross Road, Bengaluru
Pincode
560020
Address
PALACE CROSS ROAD, Bengaluru, Karnataka, 560020 View on map

Description (as per sale notice)

Schedule A Property All that piece and parcel of the property Bearing No 7/1, situated at Palace Cross Road, Bangalore, measuring 13,000 square feet and Bounded on: East by : Private Property North by : Palace Cross Road West by : Vendors Vacant land measuring 1405 sq. ft. South by : Private property Schedule B Property All that piece and parcel of the Residential Flat Bearing No. G-02 Ground Floor, 4 Bed Room Flat in Residential Apartment Complex known as “SHREE SAI SHANKARA APARTMENTS” constructed on the schedule A property having Super Built up Area of 2760 square feet which is include of the floors and walls between the Flats and Proportionate share in all common areas, including the proportionate share in the common areas such as, passengers pathway, lobbies, staircase, garden area, sump, overhead tanks on the terrace and solar panels and other areas of common use, without terrace area along with 1300 square feet of undivided share of land with 2 covered car parking slots in the basement. The flat is within the limits of Bruhat Bengaluru Mahanagara Palike, bearing Khatha Certificate/E-Khatha, PID No. 78-119-7/1-2, ward no. 78-Vasanthnagar-Bangalore. Boundaries for the Flat East by : Corridor North by : Open Space Road West by : Open Space South by : Open Space

BAANKNET Property ID: BKID842375110000390

Bank & Auction Details

Bank / Lender
Bank of India
Branch
RPC LAYOUT-8423
Auction type
SARFAESI Auction
Borrower
BK S*****
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹5,280 per sq ft. The average across residential bank auctions in Bengaluru on our site is ₹7,045 per sq ft, so this one is 25% 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.

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 BKID842375110000390)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before —. It is refunded if you don't win.
  5. Bid online on — 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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