House for auction 9 RML Nagar, RML, Shivamogga by Canara

Nestled in the accessible RML Nagar, Shivamogga City, this residential property represents a promising investment for new buyers. Situated at Ward No. 27, 2nd stage, with Mahanagara Palike K No. 2300/2300/133, the property boasts a site area measuring 6.00 x 9.00 meters and a substantial house plinth area of 1800 sq ft. The property is conveniently located with road access to the north, bordered by Site No. 136 to the east, Site No. 134 to the west, and Site No. 132 to the south. The structure comprises an RCC duplex house, offering ample living space. Its coordinates, Latitude 13.922517 and Longitude 75.562350, place it within a developing urban landscape. This property offers the potential for comfortable living or rental income in a sought-after location within Shivamogga.

This SARFAESI auction presents an exceptional opportunity to acquire a residential house in the well-established RML Nagar area of Shivamogga, Karnataka, offered by Canara Bank. The bidding process commences on July 31, 2025, with the auction starting at 11:30 AM and concluding at 12:30 PM on the same day. A key requirement for participation is the submission of an Earnest Money Deposit (EMD) of INR 340,000, which must be submitted by July 30, 2025, 4:00 PM. The reserve price for this property is set at INR 3,400,000. Potential buyers are encouraged to conduct thorough due diligence, including site visits and legal verification, prior to the auction date. For any inquiries regarding the property or the auction process, interested parties can contact 8095819121. This auction is facilitated by BAANKNET, with the Regional Office in Shivamogga overseeing the sale.