Land for auction 3 Shankar Mutt Road, Fort, Mysuru by Canara

Nestled in the historic and sought-after Fort Mohalla of Mysuru, this property offers an exceptional blend of location and potential. The land parcel, measuring approximately 36.25 feet by 140 feet, is strategically positioned on Shankar Mutt Road, providing excellent accessibility within the city. Fort Mohalla is renowned for its vibrant atmosphere, proximity to essential amenities, and established infrastructure, making it an attractive area for residential living or future investment. The property is classified as 'Land And Building', suggesting it may feature existing structures with scope for significant enhancement or complete redevelopment, aligning with the dynamic growth of Mysuru. This offering, managed by Canara Bank, represents a chance to secure a valuable asset in a prime locality. The surrounding area is well-connected, ensuring convenience for residents or businesses. Buyers should consider the tangible benefits of this location, including its cultural significance and potential for capital appreciation in Karnataka's prominent city.

This auction presents a unique opportunity to acquire a prime piece of real estate in the well-established Fort Mohalla area of Mysuru, Karnataka. The property, identified as No. 140/1A, F3/1A, situated on Shankar Mutt Road, offers a substantial plot measuring approximately 36.25 ft east to west and 140 ft north to south. As a 'Land And Building' asset category, it holds significant potential for development or renovation, appealing to both residential and potentially commercial interests given its location. The auction is conducted under the SARFAESI Act by Canara Bank, with a reserve price set at ₹3,71,36,000 and an Earnest Money Deposit (EMD) of ₹37,13,600. This process is facilitated by BAANKNET, with the auction scheduled to take place on July 31, 2025, running from 11:00 AM to 1:00 PM. Prospective bidders are advised to complete their application submission by July 30, 2025, 05:00 PM. For further inquiries, the contact details for the ARM Branch-II, Bengaluru are provided.