Manipura Industrial Shed Auction: Industrial Shed – Reserve ₹10.8 Lakh (23 Oct 2026)

Canara Bank has put a industrial shed up for sale through the Manipura industrial shed auction, open to all registered bidders on BAANKNET. On offer is a industrial shed in Manipura, Udupi (PIN 576120). The online auction runs on 23 October 2026 (11:00 AM to 12:00 PM) with a reserve price of ₹10,80,000.

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.

Manipura Industrial Shed Auction: Key Highlights

• Reserve price: ₹10,80,000 (₹10.8 Lakh)
• EMD: ₹1,08,000
• Bid increment: ₹10,000
• Auction: 23 October 2026, 11:00 AM to 12:00 PM
• Last date for EMD: 22 October 2026, 5:00 PM
• Location: Manipura, Udupi, Karnataka
• Possession: Symbolic

Manipura Industrial Shed Auction – Complete Details

Auction ID	367747
Bank property ID	CNRBWESTERNMARNE
Bank	Canara Bank
Branch	Specialised Arm Branch Manipal
Property type	Industrial – Industrial Shed
City / District	Manipura, Udupi
State	Karnataka
PIN code	576120
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹10,80,000
EMD	₹1,08,000
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Manipura

The property is located in Manipura, Udupi district, Karnataka (PIN 576120). Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Specialised Arm Branch Manipal, which is usually the best contact for site visits and local queries.

Is the Manipura Industrial Shed Auction Worth It?

The EMD of ₹1,08,000 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. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Manipura Industrial Shed Auction

• Inspection window: 22 October 2026, 10:00 AM to 22 October 2026, 4:00 PM
• EMD submission opens: 3 October 2026
• Last date for EMD: 22 October 2026, 5:00 PM
• E-auction: 23 October 2026, 11:00 AM to 12:00 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 367747 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9449862135.
4. Pay the EMD of ₹1,08,000 through the BAANKNET wallet before 22 October 2026, 5:00 PM.
5. Log in on 23 October 2026 and bid above the reserve in steps of ₹10,000; 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

• Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
• Inspect machinery, if included, and confirm the inventory.
• Verify pollution, fire and factory licence requirements.
• Check pending electricity, water and statutory dues.
• Read our warehouse and godown buying guide before you bid.

Manipura Industrial Shed Auction: FAQs

More Canara Bank and Karnataka Auctions

• All Canara Bank auction listings
• More industrial shed auctions
• Bank auctions in Karnataka
• Guide: finance options for commercial auctions

Source: Auction ID 367747 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.