Land for auction BSB25 Balebailu Villa, Sagar, Shivamogga by Canara

This SARFAESI auction, conducted by Canara Bank, offers a residential land and building in Shivamogga District, Karnataka. The auction is scheduled for July 31, 2025, with bidding open from 11:30 AM to 12:30 PM. A key requirement for participation is the submission of an application by 5:00 PM on July 30, 2025. The earnest money deposit (EMD) required to participate is ₹260,000, against a reserve price of ₹2,600,000. This property is a valuable opportunity for prospective buyers to enter the real estate market through a transparent bank auction process. It is advisable for interested parties to conduct thorough due diligence, including site visits and legal verification, prior to the auction date. For any queries, potential bidders can contact 8095819121. This auction is managed by BAANKNET, a service provider specializing in such sales.

This auction presents a unique opportunity to acquire a residential property located in the tranquil Balebailu Village, within Sagar Taluk, Shivamogga District, Karnataka. The property, identified by E-swathu No 152400301900420005 and Assessment No 179, comprises a land parcel with an existing building, spanning approximately 167.23 square meters (1800 sq. ft.). The property's boundaries are defined by Survey Number 25 on all sides, suggesting a distinct plot within the village. Its latitude and longitude are 14.081033 and 75.138950 respectively, placing it in a developing region with potential for future appreciation. As a residential asset, it holds promise for those looking to build a home or invest in a property with inherent value in a serene rural setting. The proximity to Shivamogga city offers a balance between peaceful living and access to urban amenities.