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House SARFAESI Auction

162.58 sq m House for Auction in Madikeri – Aadhar HF

Madikeri, Karnataka · Auction ID #7249

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Reserve Price ₹28,00,000
EMD (Earnest Money)₹2,80,000
Bid Increment₹10,000
Auction Date 30 Oct 2026, 03:00 PM In 28 days
EMD Last Date 29 Oct 2026, 05:00 PM In 27 days
Area162.58 sq m

Property Details

Property type
House (Residential)
Possession
Not specified
Area
162.58 sq m (≈ 1,750 sq ft)
Reserve price / sq ft
₹1,600
Locality
—

Description (as per sale notice)

All That Part And Parcel Of The Residential House Property Bearing No.9-10-40A, Assessment No.4-323 (Site No.22), Situated At Ward No.12, Industrial Extension, Kushal Nagar, Constructed On The Site Measuring East To West: 21.336043 Meters And North To South: 7.620015 Meters With Total Site Area Of 162.58025 Square Meters & Constructed Area Of 114.735205 Square Meters Of Ac Sheet Roofed Ground Floor With Red Oxide Flooring Residential House Building With Electricity, Water And Sanitary Connections, Coming Under The Limits Of The Town Panchayat, Kushal Nagar, Kodugu Distrct bounded on the East: Sy.No.23/2, West : Gowda Samaja Road, North : Site No.10, South : Site No.21

Bank & Auction Details

Branch
Aadhar Housing Finance Ltd. Corporate Office, Mumbai - BO
Auction type
SARFAESI Auction
Borrower
Sharath K**** B
Auction start
30 Oct 2026, 03:00 PM
Auction end
30 Oct 2026, 04:00 PM
EMD submission deadline
29 Oct 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹1,600 per sq ft. The average across residential bank auctions in Madikeri on our site is ₹2,485 per sq ft, so this one is 36% 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 (open notice).
  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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹2,80,000 before 29 Oct 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 30 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
  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 Aadhar Housing Finance. Always verify every detail with the official notice and the authorised officer before paying any money.

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