Mangaluru Flat Auction 575008: Flat (94.3 sq ft) – Reserve ₹47.5 Lakh (7 Nov 2026)
Verified Listing Upcoming
Property ID: BKN-367448
Property Description
Canara Bank has put a flat up for sale through the Mangaluru flat auction 575008, open to all registered bidders on BAANKNET. On offer is a flat in Mangaluru, Dakshina Kannada (PIN 575008), with 94.3 sq ft carpet area. The online auction runs on 7 November 2026 (1:00 PM to 2:00 PM) with a reserve price of ₹47,50,000.
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 Flat Auction 575008: Key Highlights
- Reserve price: ₹47,50,000 (₹47.5 Lakh)
- EMD: ₹4,75,000
- Bid increment: ₹1,00,000
- Auction: 7 November 2026, 1:00 PM to 2:00 PM
- Last date for EMD: 7 November 2026, 12:00 PM
- Location: Mangaluru, Dakshina Kannada, Karnataka
- Possession: Symbolic
Mangaluru Flat Auction 575008 – Complete Details
| Auction ID | 367448 |
| Bank property ID | CNRB126486198/B-203/MANG |
| Bank | Canara Bank |
| Branch | Panaji Specialised Arm Branch |
| Property type | Residential – Flat |
| Carpet area | 94.3 sq ft |
| City / District | Mangaluru, Dakshina Kannada |
| State | Karnataka |
| PIN code | 575008 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹47,50,000 |
| EMD | ₹4,75,000 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Mangaluru
Mangaluru is in Dakshina Kannada district of Karnataka, under PIN code 575008. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Panaji Specialised Arm Branch, which is usually the best contact for site visits and local queries.
Is the Mangaluru Flat Auction 575008 Worth It?
At the reserve price, the property works out to about ₹50,371 per sq ft of carpet area – compare this with recent resale rates in Mangaluru before you bid. The EMD of ₹4,75,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Mangaluru Flat Auction 575008
- EMD submission opens: 1 October 2026
- Last date for EMD: 7 November 2026, 12:00 PM
- E-auction: 7 November 2026, 1:00 PM to 2:00 PM
- Auto-extension: 5 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 367448 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 6263746626.
- Pay the EMD of ₹4,75,000 through the BAANKNET wallet before 7 November 2026, 12:00 PM.
- Log in on 7 November 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
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
Mangaluru Flat Auction 575008: FAQs
What is the reserve price in the Mangaluru flat auction 575008?
The reserve price is ₹47,50,000. Bids below the reserve price are not accepted.
When is the Mangaluru flat auction 575008 scheduled?
The e-auction is on 7 November 2026 from 1:00 PM to 2:00 PM. The last date for EMD is 7 November 2026, 12:00 PM.
How much EMD is required?
The earnest money deposit is ₹4,75,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Mangaluru, Dakshina Kannada, Karnataka – 575008.
Where can I see the official sale notice?
Search Auction ID 367448 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Karnataka Auctions
- All Canara Bank auction listings
- More flat auctions
- Bank auctions in Karnataka
- Guide: home loan for auction property
Source: Auction ID 367448 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Land Area | 94.3 sq ft |
| Location | Mangaluru, Dakshina Kannada, Mangaluru, Karnataka |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 7 Nov 2026Last Date for EMD Submission
- 7 Nov 2026, 1:00 PM 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.