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1742 square feet Office for sale in Madikeri

Madikeri, Kodagu, Karnataka – 571214

Bank of Maharashtra · MADIKERI

This auction has ended or was withdrawn. Banks often re-auction at a lower reserve price, so check current auctions nearby.

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹1,97,41,000
EMD
₹19,74,100
Bid increment
₹50,000
Area
1,742 sq ft
Price per sq ft
₹11,332

This is the 4th auction of this property. The reserve price is 5% lower than at the last auction (₹2,07,80,000 on 15 Sep 2026, 11:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property9 Oct 2026, 10:00 AM – 11 Oct 2026, 5:00 PM
  2. Pay EMD and submit bid by15 Oct 2026, 2:00 PM (EMD closes today)
  3. Auction15 Oct 2026, 11:00 AM – 2:00 PM · today

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
15 Oct 2026₹1,97,41,000-5.0%Upcoming
15 Sep 2026₹2,07,80,000-5.0%Closed
28 Jul 2026₹2,18,73,000-10.0%Closed
6 Jul 2026₹2,43,03,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹19,74,100
Rest of 25% when you win (same or next day)
₹29,61,150
Balance 75%, usually within 15 days
₹1,48,05,750
Stamp duty and registration (about 5–8%, varies by state)
₹9.87 L – ₹15.79 L

You may bid above the reserve in steps of ₹50,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Commercial · Office
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
Kolalkeri, FMC Road, Napoklu, Madikeri, Kodagu-571214
Borrower
Ms RAJASHEKAR HOSPITAL

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