#2550: Residential Site In Bangalore (Bapuji Nagar), Sale by Canara Bank. Listing Id - 2550

  • 1,66,80,000 ₹
  • Published date: August 8, 2019
  • Modified date: August 8, 2019
    • Mysore Road, Bapuji Nagar, Bangalore Rural, Karnataka

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Sale by Bank – Residential Site No.2/3, Old No.38/B, Sy. No.105, 1st Cross, Chowdappa Layout, Bapuji Nagar, Mysore Road, Bangalore - 560026, Karnataka.
Sale by Canara Bank, South End Road Branch, Bangalore.
Reserve Price: Rs. 1.66 Crore, E - Auction Date: 12th Sep 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: cb1173@canarabank.com
If You Are Call to Land Line Number: 080 - 22447997 / 080 - 26651852

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 Site No.2/3, Old No.38/B, Sy. No.105, 1st Cross, Chowdappa Layout, Bapuji Nagar, Mysore Road, Bangalore - 560026, Karnataka. Being Sold by Canara Bank, South End Road Branch, Bangalore. Being Sold by State Bank of India, Asset Recovery Management 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).

**********
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 Site No.2/3, Old No.38/B, Sy. No.105, 1st Cross, Chowdappa Layout, Bapuji Nagar, Mysore Road, Bangalore - 560026, Karnataka. Being Sold by Canara Bank, South End Road 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 Site No.2/3, Old No.38/B, Sy. No.105, 1st Cross, Chowdappa Layout, Bapuji Nagar, Mysore Road, Bangalore - 560026, Karnataka. Being Sold by Canara Bank, South End Road 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. 1.50 Crore instead of Rs. 1.66 Crore 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 Site No.2/3, Old No.38/B, Sy. No.105, 1st Cross, Chowdappa Layout, Bapuji Nagar, Mysore Road, Bangalore - 560026, Karnataka.

Locality :

  

Bangalore

Google Map Site :

  

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

E Auction Date :

  

12/09/2019

E Auction Starting Time :

  

11.00 AM

E Auction Ending Time :

  

12.00 Noon

Outstanding Amount + Interest Cost in Rs. :

  

1,83,98,000

Description About Outstanding Amount + Interest Cost :

  

Amount In Words :
Rupees One Crore Eighty Three Lakhs and Ninety Eight Thousand Only.

Reserve Price Rs. :

  

1,66,80,000

Description About Reserve Price Rs. :

  

Amount In Words :
Rupees One Crore Sixty Six Lakhs and Eighty Thousand Only.

EMD Value Rs. :

  

16,68,000

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)

Last Date For Bid Submission :

  

05/09/2019

Ending Time For Bid Submission :

  

3.30 PM

Name of The Bank To Pay EMD :

  

Canara Bank

Name Of The Branch To Pay EMD :

  

South End Road

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 :

  

Canara Bank

Recovery Branch Name :

  

South End Road

Recovery Branch Address :

  

Canara Bank, South End Road Branch, #19, South end circle, Bangalore - 560004.

Recovery Branch State :

  

Karnataka

Recovery Branch District :

  

Bangalore

Recovery Branch City :

  

Bangalore

Recovery Branch Location :

  

South end circle

Recovery Branch Pincode :

  

560004

Recovery Branch Telephone No.1 :

  

080 - 22447997

Recovery Branch Telephone No.2 :

  

080 - 26651852

Recovery Branch Email 1 :

  

cb1173@canarabank.com

Terms & Conditions 1 :

  

Auction/bidding shall be only through “Online Electronic Bidding’’ through the website www.bankeauctionwizard.com. Bidders are advised to go through the website for detailed terms before taking part in the e-auction sale proceedings.

Terms & Conditions 2 :

  

The property will be sold for the price which is more than the Reserve Price and the participating bidders may improve their offer further during auction process.

Terms & Conditions 3 :

  

The successful bidder shall deposit 25% of the sale price (inclusive of EMD already paid), immediately on declaring him/her as the successful bidder and the balance within 15 days from the date of confirmation of sale by the secured creditor. If the successful bidder fails to pay the sale price, the deposit made by him shall be forfeited by the Authorised Officer without any notice and property shall forthwith be put up for sale again.

Terms & Conditions 4 :

  

All charges for conveyance, stamp duty/GST registration charges etc., as applicable shall be borne by the successful bidder only.

Terms & Conditions 5 :

  

EMD deposited by the unsuccessful bidder shall be refunded to them. The EMD shall not carry any interest.

Terms & Conditions 6 :

  

Photocopies of PAN Card, ID Proof and Address proof. However, successful bidder would have to produce these documents in original to the Bank at the time of making payment of balance amount of 25% of bid amount.

Terms & Conditions 7 :

  

Authorised Officer reserves the right to postpone/cancel or vary the terms and conditions of the e-auction without assigning any reason thereof.



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