Land for auction 2 All that part and parcel of the resident Bhadravathi, Shivamogga by ...

Discover a promising residential land and building located in Arahatholalu Vaddarahatti Grama, within the Bhadravathi Taluk of Shivamogga District, Karnataka. This property, identified by Revenue K No. 269/2 (eSwathu 152400101100320272), spans an extent of 119.57 square units and is beneficially situated with clear boundaries: to the East lies the property of Thimmappa, to the West that of Yashodamma, to the North Shanthamma's property, and a road to the South. The asset category is residential, indicating its suitability for personal dwelling or rental income. While specific details about the building's condition are not provided in the notice, the location in Shivamogga district offers access to local amenities and the developing infrastructure of the region. This property represents a significant opportunity for individuals seeking to own a piece of land and a structure in a growing area of Karnataka, offering potential for renovation or development according to buyer preferences.

This auction presents a compelling opportunity to acquire a residential property through the SARFAESI Act, conducted by Canara Bank. The auction will commence on July 31, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. Prospective bidders are required to submit their applications by 5:00 PM on July 30, 2025. A crucial aspect of participation is the Earnest Money Deposit (EMD) of ₹90,000, which is 10% of the reserve price of ₹9,00,000. This structured process, managed by service provider BAANKNET, ensures transparency and fairness. We strongly advise all interested buyers to conduct thorough due diligence, including site visits and legal verification, to understand the property's condition and any associated encumbrances. Familiarize yourself with the auction terms and conditions available on eauctionsindia.com to make an informed decision. This is an excellent chance to invest in a property with potential, especially for those new to the bank auction landscape.