Land for auction 201 Basapura Villa, Begur, Bengaluru by Canara

Discover an exceptional opportunity to acquire a substantial residential land parcel in Begur, Bengaluru, offered through a Canara Bank auction. This impressive property, designated as Site No. 201, boasts generous dimensions of 120 feet East to West and 60 feet North to South, providing ample space for developing a custom-built dream home or a valuable investment. Strategically located within Begur village, Begur Hobli, and falling under BBMP Ward No. 192, this site holds a clear BBMP Khatha No. 290/201, assuring a legitimate and converted residential land title. A significant advantage for prospective developers or homeowners is the property's direct road frontage on its western boundary, ensuring excellent accessibility. Situated in South Bengaluru, an area witnessing rapid infrastructure development and appreciation, this land offers a unique canvas for a significant residential project, promising substantial future returns for discerning buyers.

New property buyers should note that this auction for a prime residential land parcel is conducted by Canara Bank under the SARFAESI Act, offering a transparent and legally sound acquisition pathway. The online bidding process is scheduled for a concise window on February 20, 2025, from 02:30 PM to 03:00 PM, managed by BAANKNET. The Reserve Price is set at INR 6,415,000.00, and prospective participants are required to submit an Earnest Money Deposit (EMD) of INR 641,500.00 to qualify. It is imperative that all applications and EMD payments are completed by the deadline of February 19, 2025, 05:00 PM. Thorough due diligence, including a physical inspection of the property and verification of all associated legal documents, is strongly advised prior to the submission cut-off. For any detailed inquiries or procedural guidance, new buyers are encouraged to directly contact the Chief Manager at Canara Bank, ARM Branch-2, at 080-25310181, ensuring a well-informed and strategic approach to participation.