Land for auction 82 Ravindra Nagar, Shivamogga, Bengaluru by Canara

This exceptional property, situated in the well-developed Ravindra Nagara locality of Shivamogga Town, Bengaluru, offers a compelling investment prospect. The land parcel measures 60 ft. North-South by 40 ft. East-West, spanning 2400 sq. ft., and features a robust RCC building with a stilt floor, first floor, second floor, and third floor. The built-up areas are considerable, with the ground floor at 2153.1 sq. ft., first floor at 1947.6 sq. ft., second floor at 1947.6 sq. ft., and the third floor at 1799.8 sq. ft. The property is strategically positioned, with the East facing the Ravindra Nagara 2nd Cross Road, West bordering Conservancy, North adjacent to Site No 83, and South to Site No 81. Its coordinates are Latitude: 13.946783 and Longitude: 75.573433, placing it in a desirable and accessible part of Shivamogga. This asset, categorized as Residential Land and Building, is being auctioned by Canara Bank, presenting a unique chance for buyers to secure a property with significant potential for residential use or further development in a growing urban area.

This SARFAESI auction presents a prime opportunity to acquire a substantial residential property in Shivamogga, Bengaluru, managed by Canara Bank. The auction will take place on July 31, 2025, with bidding open between 11:30 AM and 12:30 PM. Prospective buyers are required to submit their applications by July 30, 2025, at 5:00 PM. The reserve price is set at INR 2,90,00,000, with an Earnest Money Deposit (EMD) of INR 29,00,000, indicating the significant value of this asset. Located in Ravindra Nagara, Shivamogga Town, the property boasts excellent connectivity and access to essential amenities within the vibrant city of Bengaluru. This is a direct opportunity to engage with the bank-led auction process, facilitated by service provider BAANKNET, offering transparency and a structured approach to acquiring valuable real estate. Interested parties should carefully review all terms and conditions before participating.