1 acre House for Auction in Bengaluru – Erstwhile Karnataka Gramin Bank

Property Details

Property type

House (Residential)

Possession

Not specified

Area

1 acre (≈ 43,560 sq ft)

Reserve price / sq ft

₹138

Locality

—

City

Bengaluru

State

Karnataka

Pincode

560001

Address

GOVT OF INDIA, MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES DEBTS RECOVERY TRIBUNAL – 2/ BENGALURU Telephone House, Rajbhavan Road BENGALURU – 560001 PROCLAMATION OF SALE –CUM E-AUCTION SALE NOTICE (Issued under Rule 52(2) of Second Schedule to the Income Tact Act, 1961 read with the Recovery of Debts and Bankruptcy Act, 1993 (as amended from time to time) TRC 1588/2017 in OA No. 1395/2013 Between Karnataka Grameena Bank (Erstwhile Karnataka Gramin Bank) Jawahar Nagar Branch Raichur . ..Certificate Holder V/s Sri K Naveen Kumar ...Certified Debtor To, (CH) Karnataka Grameena Bank (Erstwhile Karnataka Gramin Bank) Jawahar Nagar Branch Near Vasavinagar Bus Stand Raichur Karnataka ...c„tin„t, A,Ide,/ Appl@M-} To, (CD- 1) Sri K Naveen Kumar S/o Sri K V Krishna Rao R/O H No. 1-11-55/7 “Shanthi Nilayam” Venkatesh Colony Raichur Also at Sri K Naveen Kumar S/o Sri K V Krishna Rao H No. 7-6-61/A-17 Vasavi Nagar (Near Infant Jesus School) Raichur Post Taluka & District . . .Certificate Debtors (CD) Whereas a Recovery Certificate was issued by the Hon’ble Presiding Officer, Debts Recovery Tribunal, Bengaluru under section 19(22) of the Recovery of Debts and Bankruptcy Act, 1993 (amended from time to time) in O. A No 1395/2013 between Karnataka Grameena Bank Jawahar Nagar Branch Raichur District Vs S Sri K Naveen Kumar, which was forwarded to the undersigned authority for execution. 2 Whereas the undersigned authority-initiated execution proceedings in RC NO. 1588/2017 in OA No. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Erstwhile Karnataka Gramin Bank

Branch

DEBTS RECOVERY TRIBUNAL BANGALORE (DRT 2)

Auction type

DRT Auction

Borrower

—

Auction start

30 Sep 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

Recovery Officer, Bangalore DRT

Officer contact

—

E-auction portal

DEBTS RECOVERY TRIBUNAL BANGALORE (DRT 2)

Price Check

This listing's reserve price works out to ₹138 per sq ft. The average across residential bank auctions in Bengaluru on our site is ₹7,002 per sq ft, so this one is 98% 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 (DEBTS RECOVERY TRIBUNAL BANGALORE (DRT 2)), 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 30 Sep 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.