Sagar House Auction: 1 BHK Individual House (111.48 sq ft) – Reserve ₹18.22 Lakh (13 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-366241
Property Description
Canara Bank has put a house up for sale through the Sagar house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Sagar, Shivamogga (PIN 577401), with 111.48 sq ft carpet area. The online auction runs on 13 October 2026 (11:00 AM to 12:00 PM) with a reserve price of ₹18,22,000.
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
Sagar House Auction: Key Highlights
- Reserve price: ₹18,22,000 (₹18.22 Lakh)
- EMD: ₹1,82,200
- Bid increment: ₹25,000
- Auction: 13 October 2026, 11:00 AM to 12:00 PM
- Last date for EMD: 12 October 2026, 5:00 PM
- Location: Sagar, Shivamogga, Karnataka
- Possession: Symbolic
Sagar House Auction – Complete Details
| Auction ID | 366241 |
| Bank property ID | CNRB115074295 |
| Bank | Canara Bank |
| Branch | Specialised Arm Branch Manipal |
| Property type | Residential – Individual House |
| Rooms | 1 BHK |
| Carpet area | 111.48 sq ft |
| Locality | Kaspadi, Sagar |
| City / District | Sagar, Shivamogga |
| State | Karnataka |
| PIN code | 577401 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹18,22,000 |
| EMD | ₹1,82,200 |
| Bid increment | ₹25,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Sagar
Sagar is in Shivamogga district of Karnataka, under PIN code 577401. 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 Sagar House Auction Worth It?
At the reserve price, the property works out to about ₹16,344 per sq ft of carpet area – compare this with recent resale rates in Sagar before you bid. The EMD of ₹1,82,200 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 Sagar House Auction
- Inspection window: 12 October 2026, 10:00 AM to 12 October 2026, 4:00 PM
- EMD submission opens: 28 September 2026
- Last date for EMD: 12 October 2026, 5:00 PM
- E-auction: 13 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
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366241 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9449862135.
- Pay the EMD of ₹1,82,200 through the BAANKNET wallet before 12 October 2026, 5:00 PM.
- Log in on 13 October 2026 and bid above the reserve in steps of ₹25,000; 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Sagar House Auction: FAQs
What is the reserve price in the Sagar house auction?
The reserve price is ₹18,22,000. Bids below the reserve price are not accepted.
When is the Sagar house auction scheduled?
The e-auction is on 13 October 2026 from 11:00 AM to 12:00 PM. The last date for EMD is 12 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,82,200. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Sagar, Shivamogga, Karnataka – 577401.
Where can I see the official sale notice?
Search Auction ID 366241 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 house auctions
- Bank auctions in Karnataka
- Guide: symbolic vs physical possession explained
Source: Auction ID 366241 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 | Independent Houses |
|---|---|
| Land Area | 111.48 sq ft |
| Location | Sagar, Shivamogga, Shivamogga, Karnataka |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 12 Oct 2026Inspection Starts
- 12 Oct 2026Inspection Ends
- 12 Oct 2026Last Date for EMD Submission
- 13 Oct 2026, 11:00 AM to 12:00 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.