Mangalore House Auction: House on 700 Sq Ft Site at Attavara – Reserve ₹41 Lakh (15 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-27
Property Description
Federal Bank has published a fresh sale notice for the Mangalore house auction, and it is open to all eligible bidders. A house on a compact 700 sq ft layout site at Attavara, in the heart of Mangaluru city, is up for online auction at ₹41 lakh. The online e-auction is scheduled for 15 October 2026 (11:00 AM to 12:15 PM), with a reserve price of ₹41,00,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Mangalore House Auction: Key Highlights
- Reserve price: ₹41,00,000
- EMD: ₹4,10,000
- Auction date: 15 October 2026, 11:00 AM to 12:15 PM
- Last date for EMD / bid: 13 October 2026, 5:00 PM
- Location: Attavara, Mangaluru, Karnataka
Mangalore House Auction – Complete Details
| Asset | 1.61 cents with building, Attavara, Mangaluru |
| Description | Land of 1.61 cents (about 700 sq ft, 35 ft x 20 ft) with building bearing Door No. 23-09-01/16, Site No. 65 in a layout, bounded by a layout road on the east |
| Land area | 1.61 Cents (700 sq ft) |
| Survey / Plot No. | Re-Sy. No. 608 (Site No. 65), T.S. No. 350 |
| Village | Attavara |
| Taluk | Mangaluru |
| District | Dakshina Kannada |
| Reserve price | ₹41,00,000 |
| EMD (10%) | ₹4,10,000 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Mangaluru |
| Mode of sale | Online e-auction |
| E-auction portal | federalbank.auctiontiger.net |
| Type of possession | Symbolic possession |
| Outstanding dues | ₹44,17,800 as on 2 September 2026 |
| Encumbrances | None stated; bidders to verify |
| Notice date | 2 September 2026 |
About the Location – Attavara, Mangaluru
Attavara is a central Mangaluru neighbourhood close to Mangaladevi Temple, the KMC Hospital belt, Hampankatta and the Mangaluru Central railway station. Being within city corporation limits, it has full civic amenities and is popular with medical staff, students and families who want to live close to the city centre. Independent houses in this pocket rarely sell at such a low entry price.
Is the Mangalore House Auction Worth It?
The reserve of ₹41 lakh works out to about ₹5,857 per sq ft of land including the building, which is reasonable for a central Mangaluru address. Bank auction properties usually sell close to the reserve price when competition is thin, which is where serious buyers find value.
Important Dates for the Mangalore House Auction
- Sale notice date: 2 September 2026
- Inspection: By prior appointment with the Authorised Officer, LCRD Bangalore
- Last date for EMD and bid submission: 13 October 2026 (5:00 PM)
- E-auction: 15 October 2026, 11:00 AM to 12:15 PM
How to Bid in This Federal Bank Auction
- Register on federalbank.auctiontiger.net and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹4,10,000 by RTGS/NEFT and upload the bid form before 13 October 2026.
- Log in on 15 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance; 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for Re-Sy. No. 608 (Site No. 65), T.S. No. 350.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our buying bank auction houses and villas before you bid.
Contact the Authorised Officer
| Authorised Officer | Authorised Officer, LCRD Bangalore Division |
| Office | Federal Bank LCRD Bangalore Division, No. 3, Church Street, 2nd Floor, MSR West Park, M.G. Road, Bengaluru 560001 |
| Phone | 8095828647 |
| bgrlcrd@federal.bank.in |
Mangalore House Auction: FAQs
What is the reserve price in the Mangalore house auction?
The reserve price is ₹41,00,000. Bids below this amount are not accepted.
When is the Mangalore house auction scheduled?
The auction is on 15 October 2026 from 11:00 AM to 12:15 PM. EMD and bids must reach the bank by 13 October 2026.
How much EMD is required?
The earnest money deposit is ₹4,10,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More house auctions
- Bank auctions in Karnataka
- Guide: Kerala bank auction houses guide
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 1.61 Cents (700 sq ft) |
| Location | Attavara, Mangaluru, Mangaluru, Karnataka |
| Possession | Symbolic |
| Encumbrances | None stated; bidders to verify |
Location Map
Auction Timeline
- 2 Sep 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 15 Oct 2026, 11:00 AM to 12:15 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.