Property for Auction in Kunigal, Tumkur, Karnataka
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610212
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹26,70,300
EMD:₹2,67,030
Bid Increment:₹50,000
Auction Time:12.05 PM to 12.20 PM
Service Provider:Auctionbazaar
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
A valuable plot of land located in Kunigal, Tumkur, Karnataka, offered by Karnataka Bank through a SARFAESI auction. This residential asset presents a unique opportunity for investors and buyers seeking land in this developing region. The property is situated in a growing area, making it ideal for future development or as a long-term investment. Its location in Tumkur district provides accessibility and potential for appreciation. The land is part of a SARFAESI auction, indicating a direct sale opportunity.
State:Karnataka
City:Tumkur
Area:Kunigal
Asset Category:Residential
Full Address:15, Residential Site bearing No.15, Property No.681/2/7/15, situated at Beeraganahalli Village, Yediyur Hobli, Beeraganahalli Village, Yediyur Hobli, Kunigal, Tumkur
Size:1290 Sq.ft
Karnataka Bank is conducting a SARFAESI auction for a plot of land in Kunigal, Tumkur, Karnataka. The auction will take place on December 10, 2025, starting at 12:00 PM and concluding at 12:20 PM. The reserve price for this land is ₹26,70,300, with an Earnest Money Deposit (EMD) of ₹2,67,030 required to participate. This is a timed online auction event, offering a straightforward process for interested bidders. The auction is an excellent opportunity to acquire land directly from the bank.
Borrower Name:Mr.Mahesh G
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Padma Mahesh
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
The property is a residential land in a developing area. The reserve price is reasonable, and the location in Kunigal, Tumkur offers potential for future appreciation. However, due diligence regarding local market conditions and land value is advised before bidding.
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
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