Land And Building for auction Kuvempunagar Tumkur 1 Cr Canara Bank

This SARFAESI auction presents a valuable opportunity to acquire a Land and Building asset in the residential area of Kuvempunagar, Tumkur, Karnataka. The property is offered by Canara Bank and is associated with the borrower Sri TV Basavaraju. This is a prime location within Tumkur, offering potential for residential use. The auction is conducted under the SARFAESI Act, ensuring a transparent bidding process.

Canara Bank is holding a SARFAESI auction for a Land and Building property in Kuvempunagar, Tumkur, Karnataka. The auction will commence on December 5, 2025, at 01:00 PM and conclude at 03:00 PM on the same day. The reserve price for this residential asset is ₹10,333,000, with an Earnest Money Deposit (EMD) of ₹1,034,000. Bidders are advised to review all auction terms and conditions prior to participating in this significant sale.

The property in Kuvempunagar, Tumkur, offers a reasonable opportunity due to its residential nature and location. The reserve price appears fair, but potential investors should carefully evaluate the property's condition and local market trends. Auction terms are standard, making it a 'Calculated Opportunity' requiring thorough due diligence.