House for Auction Arakeri Lt No 02 Vijayapura 8.5 Lakh by Asset Reconstruction Company India Ltd Arcil 03 Aug 2026

Quick read

• ▸Possession: Physical
• ▸Area: 2.867 Sq.feet
• ▸Locality: Arakeri LT No.02
• ▸Reserve: ₹8,53,000
• ▸EMD: ₹85,300

About this property

House bank auction in Arakeri LT No.02, Vijayapura by Asset Reconstruction Company (India) Ltd. (Arcil) — reserve price ₹8,53,000, 2.867 Sq.feet, Physical possession.

Discover a residential house property available through an Arcil bank auction in Tikota, Vijayapura, Karnataka. The property, identified as Sy 118/1A, Arakeri LT No.02, features an area listed as 2.867 Sq.feet. It is offered with 'Physical Possession' status, making it a direct investment opportunity. The auction details include a reserve price of ₹853,000.0 and an EMD of ₹85,300.0. The e-auction is scheduled for August 3, 2026, at 04:00 PM, with the last bid submission two hours prior. Property inspection is available upon request. Interested bidders for this residential property for sale in Vijayapura should contact Mr. Mohammed Zihshan Khan at 9071177212 or Mr. Ranjan Naik at 6362952653. Buyers are advised to verify all property details, especially the stated area, before bidding.

GeoSquare note: This residential house property in Tikota, Vijayapura, is categorized as a 'Risky Choice' due to a significant discrepancy in the stated property size. The notice explicitly specifies 2.867 Sq.feet, which is highly improbable for a residential house and suggests a potential typo or misunderstanding of the area being auctioned. While 'Physical Possession' and the absence of known encumbrances are positive, this crucial detail introduces substantial risk and uncertainty regarding the property's true value and usability. Thorough due diligence, including physical verification of the actual area, is imperative for any potential bidder.