Land for auction 182 Begur Villa, Begur, Bengaluru by Canara

Prospective buyers seeking a prime investment opportunity in Bengaluru should meticulously consider this offering of two distinct residential land parcels by Canara Bank. Located within the well-established 'VISWAPRIYA GREENERIES' layout in Begur Village, Begur Hobli, Bangalore South Taluk, and falling under BBMP Begur Ward No. 192, these properties offer significant potential. Comprising Site No. 182 and Site No. 179, both have been duly converted for residential purposes, confirming their suitability for immediate development. Each site boasts an expansive area of 3800 square feet, providing generous space for constructing a spacious family home or pursuing a multi-unit development, subject to local building regulations. The strategic positioning in Begur ensures excellent connectivity to major IT corridors and essential urban amenities, making it a highly desirable location for both personal residence and long-term capital appreciation. The availability of two adjacent plots further enhances their appeal, offering flexibility for a larger integrated development.

This transparent SARFAESI auction, conducted by Canara Bank, presents an excellent entry point for new property buyers into the dynamic Bengaluru real estate market. The auction for this valuable land parcel is strategically scheduled for February 20, 2025, commencing precisely at 02:30 PM and concluding at 03:00 PM, underscoring the importance of timely participation. The Reserve Price for the property has been set at INR 1,62,09,000.00, an important benchmark for prospective bidders. A mandatory Earnest Money Deposit (EMD) of INR 16,20,900.00, representing 10% of the reserve price, is required to qualify for bidding. Crucially, all applications for participation must be submitted by February 19, 2025, 05:00 PM, ensuring sufficient time for preparation. For comprehensive details or any queries regarding the auction mechanics, new buyers are encouraged to contact the Chief Manager at Canara Bank, ARM Branch-2, directly at 080-25310181, ensuring a well-informed bidding experience through a reputable service provider like BAANKNET.