Flat for auction 25 Tuljabhavani Nagar, Shahapur, Belagavi by Axis

This appealing residential flat, Flat No.25 on the 4th floor of Building No.2 B, presents an excellent opportunity for new property buyers seeking a comfortable home in Shahapur, Belagavi. Boasting a carpet area of 45.26 Sq. Mtrs (approximately 487 Sq. Ft) and a saleable area of 60.41 Sq. Mtrs (approximately 650 Sq. Ft), this property offers a well-proportioned living space ideal for individuals or small families. Situated within Tuljabhavani Nagar, the location benefits from being in a well-regarded area, offering convenient access to local amenities and connectivity. The clear demarcation of boundaries, with a common passage to the East and an internal road to the West, enhances privacy and accessibility. As a residential flat, it falls into a desirable asset category, making it a viable option for those looking to secure a first home or a strategic investment with potential for appreciation in a steadily developing urban locale. Its compact yet efficient design ensures comfortable living, making it an attractive prospect for a new buyer.

Prospective buyers interested in securing this residential flat through a bank auction should note the critical details and timelines. This is a SARFAESI Auction conducted by Axis Bank, meaning the property is being sold to recover a loan default, typically implying a clear title post-auction, though comprehensive due diligence is always advised. The bidding commences at a Reserve Price of INR 18,20,000.00. To participate, a refundable Earnest Money Deposit (EMD) of INR 1,82,000.00 is required. The auction is scheduled for a brief window on July 23, 2025, from 12:00 PM to 01:00 PM, with applications needing submission by 05:00 PM on July 22, 2025. It is crucial to adhere strictly to these deadlines. For further inquiries and to facilitate a thorough due diligence process, interested parties are strongly encouraged to contact the Axis Bank Branch Manager or the designated service providers, bankeauctions.com / C1 India, well in advance of the auction date.