This disclosure relates generally to field agnostic source localization. Conventional state-of-the-art methods perform source localization for near-field scenario by estimating carrier frequency and direction of arrival (DOA) at or above Nyquist sampling rate. Embodiments of the present disclosure provide a method for source localization at sub Nyquist sampling rate. The method estimates parameters such as range, carrier frequency and DOA of source signals from data sources in a mixed field scenario. i.e., the data sources may reside in far-field as well as near-field. The method considers a delay channel to a sensor receiver architecture for estimating the parameters. The disclosed method can be used in applications like cognitive radio to determine the carrier frequency, DOA and range of various source signals from data sources in mixed field.