Canara Bank Bengaluru Property Auction: Others – Reserve ₹28 Lakh (14 Oct 2026)

Looking for a property below market price in Bengaluru? The Canara Bank Bengaluru property auction by Canara Bank is scheduled for 14 Oct 2026. On offer is a others in Bengaluru, Bengaluru Urban (PIN 560070). The online auction runs on 14 October 2026 (1:00 PM to 3:00 PM) with a reserve price of ₹28,00,000.

The property is being sold under Others on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Canara Bank Bengaluru Property Auction: Key Highlights

• Reserve price: ₹28,00,000 (₹28 Lakh)
• EMD: ₹2,80,000
• Bid increment: ₹1,00,000
• Auction: 14 October 2026, 1:00 PM to 3:00 PM
• Last date for EMD: 13 October 2026, 11:59 PM
• Location: Bengaluru, Bengaluru Urban, Karnataka
• Possession: Symbolic

Canara Bank Bengaluru Property Auction – Complete Details

Auction ID	364110
Bank property ID	CNRB309138925C
Bank	Canara Bank
Branch	Bengaluru Specialised Arm Branch-Ii
Property type	Other – Others
Locality	Vehicle
City / District	Bengaluru, Bengaluru Urban
State	Karnataka
PIN code	560070
Type of possession	Symbolic
Type of action	Others
Reserve price	₹28,00,000
EMD	₹2,80,000
Bid increment	₹1,00,000
Auto-extension	5 minutes per late bid

About the Location – Bengaluru

This listing falls in Bengaluru, Bengaluru Urban, Karnataka, postal code 560070. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Bengaluru Specialised Arm Branch-Ii, which is usually the best contact for site visits and local queries.

Is the Canara Bank Bengaluru Property Auction Worth It?

The EMD of ₹2,80,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Canara Bank Bengaluru Property Auction

• Inspection window: 22 September 2026, 4:00 PM to 22 September 2026, 5:00 PM
• EMD submission opens: 22 September 2026
• Last date for EMD: 13 October 2026, 11:59 PM
• E-auction: 14 October 2026, 1:00 PM to 3:00 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 364110 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9464534482.
4. Pay the EMD of ₹2,80,000 through the BAANKNET wallet before 13 October 2026, 11:59 PM.
5. Log in on 14 October 2026 and bid above the reserve in steps of ₹1,00,000; each late bid extends the auction by 5 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our auction property due diligence checklist before you bid.

Canara Bank Bengaluru Property Auction: FAQs

More Canara Bank and Karnataka Auctions

• All Canara Bank auction listings
• More property auctions
• Bank auctions in Karnataka
• Guide: reserve price bidding strategy

Source: Auction ID 364110 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.