Land for auction 100 Yellappa Garden, Uttarahalli, Bengaluru by Canara

This exceptional residential offering, available through Canara Bank's auction in Uttarahalli, Bengaluru, presents a significant opportunity for astute new property buyers. Comprising a substantial land parcel of 3300 sqft along with an existing building, this property is ideally situated in the well-regarded Yellappa Garden, Katriguppa area, close to Ganesh Mandir within the burgeoning Bangalore South Taluk. Its strategic location offers excellent connectivity, being bounded by a road on its eastern side, ensuring easy access and potential for future development or renovation. Uttarahalli is a rapidly developing locality known for its blend of residential tranquility and urban convenience, providing access to essential amenities, educational institutions, and healthcare facilities. The generous land size provides ample scope for customization, making it suitable for a large family home or a promising investment with potential for capital appreciation in one of Bengaluru’s sought-after residential zones. This Land and Building asset is a compelling prospect for those looking to secure a valuable asset in a prime urban setting.

Prospective buyers keen on participating in this Canara Bank SARFAESI auction should note the critical details to ensure a smooth acquisition process. This e-auction, facilitated by BAANKNET, is scheduled for February 20, 2025, with bidding commencing at 2:30 PM and concluding at 3:00 PM. A significant aspect for participation is the Reserve Price set at INR 6,33,00,000.00, and a mandatory Earnest Money Deposit (EMD) of INR 63,30,000.00. New buyers are strongly advised to submit their applications for EMD and required documentation well in advance, with the deadline being February 19, 2025, at 5:00 PM. This is a SARFAESI auction, implying that the property is being sold by the bank to recover outstanding dues, often presenting opportunities for properties at competitive prices. For any queries regarding the process or the property, interested parties can contact the Chief Manager at Canara Bank, ARM Branch-2, Bengaluru, via phone at 080-25310181. Thorough due diligence is always recommended before bidding.