Land for auction 8 Vinayaka Nagar, Devaraja, Mysuru by Repco Home Finance Limite

This presents an exceptional and rare opportunity for aspiring homeowners or astute investors to acquire a prime residential land parcel through a reputable bank auction. Strategically situated in the well-established and desirable Devaraja Mohalla area of Mysuru, specifically on Primary School Road within the emerging Vinayaka Nagara, Paduvarahalli locality, this property boasts excellent connectivity and convenience. The plot measures a practical 525 Sq. Feet, with efficient dimensions of 35 Feet East to West and 15 Feet North to South, making it an ideal candidate for constructing a compact, modern residential dwelling tailored to individual preferences. Mysuru, a city renowned for its rich cultural heritage, robust educational infrastructure, and burgeoning economic prospects, ensures that residents will enjoy convenient access to essential amenities, reputable schools, and healthcare facilities. This land parcel offers a blank canvas for new buyers to realize their dream home or to make a sound investment in a location poised for substantial future growth and appreciation.

New property buyers considering this opportunity should be well-informed about the specifics of bank auctions. This particular offering is a SARFAESI Auction conducted by Repco Home Finance Limited, a secured asset recovery process that provides a transparent and often advantageous pathway to property acquisition. The land has a competitive Reserve Price of INR 3,261,000.00, requiring an Earnest Money Deposit (EMD) of INR 326,100.00 to participate, which is typically refundable for non-winning bidders. Prospective participants must note the crucial application submission deadline of February 27, 2025, by 03:00 PM. The e-auction itself is scheduled for February 28, 2025, from 11:00 AM to 12:00 PM. We strongly advise new buyers to conduct thorough due diligence, including legal verification and physical inspection of the property, and to contact the MYSORE Branch at 9972762821 for any clarifications before participating. Understanding these key steps will ensure a smooth and confident bidding experience.