Mangaluru Commercial Plot Auction: Plot (1,089 sq ft) – Reserve ₹95.96 Lakh (30 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366631
Property Description
The Mangaluru commercial plot auction listed by Indian Overseas Bank on the BAANKNET e-auction portal is one of the upcoming commercial plot opportunities in Karnataka. On offer is a plot in Mangaluru, Dakshina Kannada (PIN 575003), with 1,089 sq ft carpet area. The online auction runs on 30 October 2026 (11:00 AM to 2:00 PM) with a reserve price of ₹95,96,000.
The property is being sold under SARFAESI 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.
Table of Contents
Table of Contents
Mangaluru Commercial Plot Auction: Key Highlights
- Reserve price: ₹95,96,000 (₹95.96 Lakh)
- EMD: ₹9,59,600
- Bid increment: ₹50,000
- Auction: 30 October 2026, 11:00 AM to 2:00 PM
- Last date for EMD: 29 October 2026, 6:00 PM
- Location: Mangaluru, Dakshina Kannada, Karnataka
- Possession: Physical
Mangaluru Commercial Plot Auction – Complete Details
| Auction ID | 366631 |
| Bank property ID | IOBA1770SUNDER |
| Bank | Indian Overseas Bank |
| Branch | Kadri Temple Road,mangalore |
| Property type | Commercial – Plot |
| Carpet area | 1,089 sq ft |
| City / District | Mangaluru, Dakshina Kannada |
| State | Karnataka |
| PIN code | 575003 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹95,96,000 |
| EMD | ₹9,59,600 |
| Bid increment | ₹50,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Mangaluru
The property is located in Mangaluru, Dakshina Kannada district, Karnataka (PIN 575003). Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Kadri Temple Road,mangalore, which is usually the best contact for site visits and local queries.
Is the Mangaluru Commercial Plot Auction Worth It?
At the reserve price, the property works out to about ₹8,812 per sq ft of carpet area – compare this with recent resale rates in Mangaluru before you bid. The EMD of ₹9,59,600 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Mangaluru Commercial Plot Auction
- Inspection window: 29 September 2026, 4:01 PM to 29 October 2026, 5:01 PM
- EMD submission opens: 29 September 2026
- Last date for EMD: 29 October 2026, 6:00 PM
- E-auction: 30 October 2026, 11:00 AM to 2:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366631 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9752901411.
- Pay the EMD of ₹9,59,600 through the BAANKNET wallet before 29 October 2026, 6:00 PM.
- Log in on 30 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 10 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 chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Mangaluru Commercial Plot Auction: FAQs
What is the reserve price in the Mangaluru commercial plot auction?
The reserve price is ₹95,96,000. Bids below the reserve price are not accepted.
When is the Mangaluru commercial plot auction scheduled?
The e-auction is on 30 October 2026 from 11:00 AM to 2:00 PM. The last date for EMD is 29 October 2026, 6:00 PM.
How much EMD is required?
The earnest money deposit is ₹9,59,600. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Mangaluru, Dakshina Kannada, Karnataka – 575003.
Where can I see the official sale notice?
Search Auction ID 366631 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IOB and Karnataka Auctions
- All Indian Overseas Bank auction listings
- More commercial plot auctions
- Bank auctions in Karnataka
- Guide: reserve price bidding strategy
Source: Auction ID 366631 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Overseas 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 Indian Overseas Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Commercial Land |
|---|---|
| Land Area | 1089 sq ft |
| Location | Mangaluru, Dakshina Kannada, Mangaluru, Karnataka |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 29 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Starts
- 29 Oct 2026Inspection Ends
- 29 Oct 2026Last Date for EMD Submission
- 30 Oct 2026, 11:00 AM to 2:00 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.