#2046: Residential Land and Building In Bangalore (Begur Hobli), Karnataka, Sale by Indian Overseas Listing Id - 2046

  • 28,00,000 ₹
  • Published date: May 9, 2019
  • Modified date: May 23, 2019
    • Yelenahalli Village, Bangalore, Bangalore Rural, Karnataka

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Sale by Bank – Residential Land and Building Situated at Site No.26, V P Khatha No.53/5, Yelenahalli Village, Begur Hobli, Bangalore - 560068.
Sale by Indian Overseas Bank, ARM Branch, Bangalore.
Reserve Price: Rs. 28.00 Lakhs, E - Auction Date: 22nd May 2019.
For More Details About The Property/Bank Please see below

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Dear Viewer,

If you are Interested in Buying the Property (even if you have not 100% made up your mind), Please Send Email to Bank Authorised Officer. Then speak to that Bank Authorised Officer on Phone about your Interest and to Fixup for Inspection of the Property and Viewing the Related Documents.

Email Id to which you have to send the Email: iob2666@iob.in
If You Are Call to Land Line Number: 080-22208970

Bank will fix up the Auction Dates (and Price) for a Property, based on the (email) responses it gets from Potential Buyers (and Real Estate Agents). Send this email even if the Cost of the Property is not in line with your expectation. Also, sending an email will enable your interest to be on record – which will be helpful, in case say, you are not able to speak on telephone (due to connectivity or any other issues). If you respond Quickly – there is a chance your views would get a High Weightage, when the Bank finalizes the Auction Dates (and Price)! So, send email Quickly (even if you have not 100% made up your mind) and take the next steps ie Inspection of the Property, Legal etc.

Content of the Email if the Property Sale date is Already over or the Sale Date is Not Announced, at the time of your viewing this Listing.

Content of the email can be as simple as “Dear Sir, This has reference to the Residential Land and Building Situated at Site No.26, V P Khatha No.53/5, Yelenahalli Village, Begur Hobli, Bangalore - 560068. Being Sold by Indian Overseas Bank, ARM Branch, Bangalore. I (My Name is “----------”, My mobile Number is “1234567891”) am presently interested in taking the next steps related to buying of this Property. This email is being sent for your information”. Then you call up the bank and find out if the Property is available.

If the Property is available, You can start taking the next steps which include inspection of the Property, going through the Legal Documents, talking t*o Experts/ Relatives/ Friends, Learning about bidding in the E-Auction etc. But, during all of these, please keep the bank people updated on a regular basis (specifically by email, apart from talking to them).

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Content of the Email if the Property Sale Date is Not over, at the time of your viewing this Listing.

Content of the email can be as simple as “Dear Sir, This has reference to Residential Land and Building Situated at Khatha No.175, 1st Cross, Kidwai Layout, Near New DLF, Akshaya Nagar, Begur Hobli, Bangalore-560068.Residential Land and Building Situated at Site No.26, V P Khatha No.53/5, Yelenahalli Village, Begur Hobli, Bangalore - 560068. Being Sold by Indian Overseas Bank, ARM Branch, Bangalore. I (My Name is “----------”, My mobile Number is “1234567891”) am presently interested in taking the next steps related to buying of this Property. This email is being sent for your information”. In case you are interested in a Property, but the cost is higher than your expectation, please say “Dear Sir, This has Residential Land and Building Situated at Site No.26, V P Khatha No.53/5, Yelenahalli Village, Begur Hobli, Bangalore - 560068. Being Sold by Indian Overseas Bank, ARM Branch, Bangalore. I (My Name is “----------”, My mobile Number is “1234567891”) am interested in going ahead with the transaction, if the selling price is Rs. 25.20 Lakhs instead of Rs. 28.00 Lakhs advertised by the Bank”.

After sending the email and SMS, please try to call up the banks in the contact numbers provided. You can start taking the next steps which include inspection of the Property, going through the Legal Documents, talking to Experts/ Relatives/ Friends, Learning about bidding in the E-Auction etc. But, during all of these, please keep the bank people updated on a regular basis (specifically by email, apart from talking to them).

All The Best!


   Listing Details

Availability Status :

  

Available

Type of Transaction – Sale (Auction/ E Auction/ Tender), Rent or Lease :

  

E-Auction

Sale By (Seller) :

  

Bank

Full Address :

  

Residential Land and Building Situated at Site No.26, V P Khatha No.53/5, Yelenahalli Village, Begur Hobli, Bangalore - 560068.

Locality :

  

Bangalore

Google Map Site :

  

https://www.google.co.in/maps/place/Begur,+Bengaluru,+Karnataka/@?hl=en

Actual Constructed Area of the Property In Sq.ft. :

  

1600 Sq.ft.

Details About Area of the Land :

  

GF - 350 Sq.ft., FF - 350 Sq.ft., SF - 350 Sq.ft., TF - 150 Sq.ft. Site Measuring 400 Sq.ft.

Boundaries :

  

East by : Eastem portion of same Site No.26.
West by : Road.
North by : Road.
South by : Private Property.

E Auction Date :

  

22/05/2019

Outstanding Amount + Interest Cost in Rs. :

  

30.23.748

Description About Outstanding Amount + Interest Cost :

  

Amount In Words :
Rupees Thirty Lakhs Twenty Three Thousand Seven Hundred and fourty Eight Only.

Reserve Price Rs. :

  

28.00.000

Description About Reserve Price Rs. :

  

Rupees Twenty Eight Lakhs Only.

EMD Value Rs. :

  

2.80.000

Description About Inspection :

  

Please take Prior Appointment with Inspection person/ Bank Authorised Person before going to Inspect the Property.

For details please go through the below fields (Name of the Contact Person For Inspection/ Bank Authorised Person Contact Number)

Name of The Bank To Pay EMD :

  

Indian Overseas Bank

Name Of The Branch To Pay EMD :

  

ARM Branch

Pay EMD With The Name :

  

Earnest Money Deposit

Details About Paying EMD :

  

Please Contact Bank before Going to Pay EMD.
And Make Sure that Your Payment Should be paid before Bid Submission Last Date and Time.

Sale Conducted By :

  

Public Bank

Name Of The Bank/Financial Institution :

  

Indian Overseas Bank

Recovery Branch Name :

  

ARM Branch

Recovery Branch Address :

  

Indian Overseas Bank, 3rd Floor, Lakshminarayana Complex, 10/1, Palace Road, Vasanth Nagar, ARM Branch, Bengaluru-560052.

Recovery Branch State :

  

Karnataka

Recovery Branch District :

  

Bangalore

Recovery Branch Location :

  

Vasanth Nagar

Recovery Branch Pincode :

  

560052

Recovery Branch Telephone No.1 :

  

080-22208970

Recovery Branch Email 1 :

  

iob2666@iob.in

Property Belongs To :

  

Borrower

Borrower Name :

  

Mrs. N. Lavanya W/o N. Muralikrishna.

Borrower Address :

  

First Floor, Site No.74, Khatha No.175, (Old Number 357/6), 1st Main Road, 1st Cross, Kidwai Layout, Akshaya Nagar, Near New DLF, Begur Hobli, Bangalore - 560068.

Borrower State :

  

Karnataka

Borrower District :

  

Bangalore

Borrower Location :

  

Akshaya Nagar

Borrower 2 Name :

  

Mrs. N. Lavanya

Borrower 2 Address :

  

# 1822/2, Near Govt High School, Begur Road, Begur, Bangalore - 560068.

Borrower 2 state :

  

Karnataka

Terms & Conditions 1 :

  

The property will be sold by e-auction through the Bank’s approved service provider M/s Matexnet Auctions under the supervision of the
Authorised Officer of the Bank.

Terms & Conditions 2 :

  

E-Auction bid document containing online E-Auction bid form,
declaration, general terms and conditions of online auction sale are
available in https://www.matexauctions.com

Terms & Conditions 3 :

  

Intending bidders shall hold a valid digital signature certificate and email address and should register their name/account by login to the website of the aforesaid service provider. They will be provided with user id and password by the aforesaid service provider which should be used in the EAuction proceedings. For details with regard to the digital signature.

Terms & Conditions 4 :

  

The EMD and other deposits shall be remitted through EFT/NEFT/RTGS
transfer to the Bank account as specified above and the amount of EMD
paid by the interested bidders shall carry no interest. The amount of EMD paid by the successful bidder shall be adjusted towards the sale price.

Terms & Conditions 5 :

  

Online auction sale will start automatically on and at the time as
mentioned above. Auction / bidding will initially be for a period of 10
minutes with auto extension time of 5 minutes each till the sale is
concluded.

Terms & Conditions 6 :

  

The property shall be sold to the successful bidder. The successful bidder (purchaser) as declared by the Authorised Officer shall deposit 25% of the sale price (inclusive of the EMD) immediately on the same day and not later than the next working day. The balance amount of sale price shall be paid within 15 days from the date of confirmation of auction sale.

Terms & Conditions 7 :

  

The sale certificate will be issued in the name of the purchaser only, after payment of the entire sale price amount and other taxes/charges, if any.

Terms & Conditions 8 :

  

The property is being sold on “as is where is”, “as is what is” and
“whatever there is” basis. The Bank has disclosed only the known
encumbrances, statutory liabilities. If any, as above and it is for the
purchaser to make their own independent enquiries at their own costs
before participating in the auction.



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