Land And Building for auction Basalikatte Village Shivamogga 20 lakh Canara Bank

A prime piece of land with a building located in Bhadravathi, Shivamogga, Karnataka. This residential asset, formerly held by M/s R K Traders, offers significant potential. The property is being auctioned by Canara Bank under the SARFAESI Act, presenting a unique opportunity for investors or individuals looking to acquire property in a developing region. Its location in Shivamogga district ensures connectivity and access to local amenities.

Canara Bank is conducting a SARFAESI auction for a Land and Building property in Bhadravathi, Shivamogga, Karnataka. The auction will commence on November 20, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price for this asset is INR 2,000,000.0, with an Earnest Money Deposit (EMD) of INR 200,000.0 required to participate. This is a direct opportunity to acquire a residential property through a transparent bank auction process.

The property offers a potential investment in a developing area, with a reasonable reserve price. However, the lack of specific auction dates and times introduces some uncertainty. Further due diligence is needed to assess local market dynamics and growth potential before making a decision.