#2047: Residential Land and Building In Bangalore ( Brindavan Nagar), Karnataka, Sale by Indian Over Listing Id - 2047

  • 30,42,000 ₹
  • Published date: May 9, 2019
  • Modified date: May 23, 2019
    • Mathikere Village, Bangalore, Bangalore Rural, Karnataka

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Sale by Bank – Residential Land and Building bearing Flat No.B-2, Ground Floor, Old No. 8 and 9, New No. 33, Sy. No.72/1, Mathikere Village, 2nd Cross, Brindavan Nagar, SBM Colony, Ward No.17, Bengaluru.
Sale by Indian Overseas Bank, Hosur I C Branch, Bangalore.
Reserve Price: Rs. 30.42 Lakhs, E - Auction Date:10th June 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: iob0599@iob.in
If You Are Call to Land Line Number: 04344-277326, 276955.

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 bearing Flat No.B-2, Ground Floor, Old No. 8 and 9, New No. 33, Sy. No.72/1, Mathikere Village, 2nd Cross, Brindavan Nagar, SBM Colony, Ward No.17, Bengaluru. Being Sold by Indian Overseas Bank, Hosur I C 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 bearing Flat No.B-2, Ground Floor, Old No. 8 and 9, New No. 33, Sy. No.72/1, Mathikere Village, 2nd Cross, Brindavan Nagar, SBM Colony, Ward No.17, Bengaluru. Being Sold by Indian Overseas Bank, Hosur I C 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 bearing Flat No.B-2, Ground Floor, Old No. 8 and 9, New No. 33, Sy. No.72/1, Mathikere Village, 2nd Cross, Brindavan Nagar, SBM Colony, Ward No.17, Bengaluru. Being Sold by Indian Overseas Bank, Hosur I C 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. 27.37 Lakhs instead of Rs. 30.42 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 bearing Flat No.B-2, Ground Floor, Old No. 8 and 9, New No. 33, Sy. No.72/1, Mathikere Village, 2nd Cross, Brindavan Nagar, SBM Colony, Ward No.17, Bengaluru.

Locality :

  

Bangalore

Google Map Site :

  

https://www.google.co.in/maps/place/Brindavan+Nagar,+Mathikere,+Bengaluru,+Karnataka+560054/@hl=en

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

  

900 Sq.ft.

Boundaries :

  

East by : Road.
West by : Private Property.
North by : Property No.10.
South by : Property No.7.

E Auction Date :

  

10/06/2019

E Auction Starting Time :

  

10.00 AM.

E Auction Ending Time :

  

11.00 AM.

Outstanding Amount + Interest Cost in Rs. :

  

75.84.322

Description About Outstanding Amount + Interest Cost :

  

Amount In Words :
Rupees Seventy Five Lakhs Eighty Four Thousand Three Hundred and Twenty Two Only.

Reserve Price Rs. :

  

30.42.000

Description About Reserve Price Rs. :

  

Amount In Words :
Rupees Thirty Lakhs and Fourty Two Thousand Only.

EMD Value Rs. :

  

3.04.200

Bid Incremental Value Rs. :

  

50.000

Timing(s) For To Inspect The Property :

  

10.00 am to 5.00 pm.

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)

Last Date For Bid Submission :

  

07/06/2019

Ending Time For Bid Submission :

  

5.00 pm

Name of The Bank To Pay EMD :

  

Indian Overseas Bank

Name Of The Branch To Pay EMD :

  

Hosur I C Branch

Pay EMD With The Name :

  

Earnest Money Deposit

Account Number to Pay EMD :

  

059902000012345

IFSC Code For Pay EMD :

  

IOBA0000599

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.

Date of Demand Notice :

  

16/04/2014

Date Of Possession Notice Given. :

  

20/07/2017

Sale Conducted By :

  

Public Bank

Name Of The Bank/Financial Institution :

  

Indian Overseas Bank

Recovery Branch Name :

  

Hosur I C Branch

Recovery Branch Address :

  

Indian Overseas Bank, #130A, SIPCOT, Industrial Area, Hosur I C Branch, Hosur - 635126.

Recovery Branch State :

  

Karnataka

Recovery Branch District :

  

Bangalore

Recovery Branch City :

  

Hosur

Recovery Branch Location :

  

Industrial Area

Recovery Branch Pincode :

  

635126

Recovery Branch Telephone No.1 :

  

04344-277326

Recovery Branch Telephone No.2 :

  

276955

Recovery Branch Email 1 :

  

iob0599@iob.in

Property Belongs To :

  

Borrower

Borrower Name :

  

M/s. Jai Parameshwara Blue Metals - Firm.

Borrower Address :

  

C R N White House, Narasamma Colony, Hosur - 635109.

Borrower State :

  

Karnataka

Borrower District :

  

Bangalore

Borrower City :

  

Hosur

Borrower Location :

  

Narasamma Colony

Borrower 2 Name :

  

Mr. R. Suresh Babu

Borrower 2 Address :

  

C R N White House, Narasamma Colony, Hosur - 635109.

Borrower 2 state :

  

Karnataka

Guarantor Name :

  

Mrs. S. Manjula

Guarantor Address :

  

C R N White House, Narasamma Colony, Hosur - 635109.

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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