Mangaluru Flat Auction: Flat – Reserve ₹55 Lakh (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364531
Property Description
Here is a fresh bank e-auction worth tracking: the Mangaluru flat auction, offered by Union Bank of India at a reserve of ₹55 Lakh. On offer is a flat in Mangaluru, Dakshina Kannada (PIN 575019). The online auction runs on 13 October 2026 (12:00 PM to 5:00 PM) with a reserve price of ₹55,00,000.
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: Key Highlights
- Reserve price: ₹55,00,000 (₹55 Lakh)
- EMD: ₹5,50,000
- Bid increment: ₹55,000
- Auction: 13 October 2026, 12:00 PM to 5:00 PM
- Last date for EMD: 13 October 2026, 5:00 PM
- Location: Mangaluru, Dakshina Kannada, Karnataka
- Possession: Physical
Mangaluru Flat Auction – Complete Details
| Auction ID | 364531 |
| Bank property ID | UBINMLRMLR4016 |
| Bank | Union Bank of India |
| Branch | Tadambail |
| Property type | Residential – Flat |
| Locality | Middle |
| City / District | Mangaluru, Dakshina Kannada |
| State | Karnataka |
| PIN code | 575019 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹55,00,000 |
| EMD | ₹5,50,000 |
| Bid increment | ₹55,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Mangaluru
The property is located in Mangaluru, Dakshina Kannada district, Karnataka (PIN 575019). Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Tadambail, which is usually the best contact for site visits and local queries.
Is the Mangaluru Flat Auction Worth It?
The EMD of ₹5,50,000 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 Flat Auction
- EMD submission opens: 23 September 2026
- Last date for EMD: 13 October 2026, 5:00 PM
- E-auction: 13 October 2026, 12:00 PM to 5:00 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 364531 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9867551146.
- Pay the EMD of ₹5,50,000 through the BAANKNET wallet before 13 October 2026, 5:00 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹55,000; 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
- 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: FAQs
What is the reserve price in the Mangaluru flat auction?
The reserve price is ₹55,00,000. Bids below the reserve price are not accepted.
When is the Mangaluru flat auction scheduled?
The e-auction is on 13 October 2026 from 12:00 PM to 5:00 PM. The last date for EMD is 13 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹5,50,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Mangaluru, Dakshina Kannada, Karnataka – 575019.
Where can I see the official sale notice?
Search Auction ID 364531 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Union Bank and Karnataka Auctions
- All Union Bank of India auction listings
- More flat auctions
- Bank auctions in Karnataka
- Guide: home loan for auction property
Source: Auction ID 364531 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Union Bank of India 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 Union Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Location | Mangaluru, Dakshina Kannada, Mangaluru, Karnataka |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 12:00 PM to 5:00 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.