Canara Bank Opens Bidding for Auction of Immovable and Movable Properties in Bangalore

Introduction

Canara Bank has issued an official notification for the auction sale of immovable and movable properties located in Bangalore, Karnataka, under its asset recovery mechanism. This tender is open to Indian bidders and aims to ensure transparency and competitiveness in the acquisition of assets. The auction has been published under Tender Reference TDR50191683, with a declared value of ₹67.30 lakhs, and is scheduled for bid submission by 18 August 2025. The announcement offers a viable opportunity for eligible applicants seeking investment in real estate and other movable assets.

Eligibility Criteria 

The auction is open to a wide range of applicants, including individuals, corporate entities, and registered institutions that possess valid identification and financial credentials. Applicants must ensure compliance with the eligibility requirements as outlined in the official tender document. Moreover, both first-time buyers and experienced investors are encouraged to participate, provided that their documentation is complete and they fulfil all conditions specified by Canara Bank.

Application Procedure 

Prospective bidders must begin by accessing the official tender documents, which are available via Canara Bank’s e-auction portal or designated tender listing websites. Upon reviewing the details, they should prepare the necessary application forms, identity proof, and financial documents, including relevant references for document fees and Earnest Money Deposit (EMD) as mentioned in the notice. Applications must be submitted on or before 18 August 2025 through the prescribed electronic submission platform or as directed in the tender instructions. Furthermore, applicants should be prepared to participate in the auction process as per the schedule and procedural norms established by the bank.

Conclusion 

This tender represents a structured and legitimate channel through which prospective buyers may acquire valuable property assets in Bangalore. Interested parties are advised to review the tender thoroughly, prepare their submissions with due diligence, and adhere to the specified timelines to ensure successful participation.