Land for auction Oordigere hobli Tumkur 5 Cr Canara Bank

Canara Bank presents an excellent opportunity to acquire a significant parcel of land in Oordigere hobli, Tumkur, Karnataka. This residential land, previously held by M/s. Lakshminarayanaswamy M Sand, is being auctioned under the SARFAESI Act. Situated in a developing area, this property offers potential for various residential development projects. The location provides a good balance of accessibility and tranquility, making it an attractive investment for builders and individual buyers alike. Don't miss this chance to own a valuable asset in Tumkur.

Canara Bank is conducting a SARFAESI auction for a prime piece of residential land in Oordigere hobli, Tumkur, Karnataka. The auction will take place on November 24, 2025, with bidding open from 11:00 AM to 11:30 AM. The reserve price for this valuable land is ₹5,25,00,000, and the Earnest Money Deposit (EMD) required is ₹52,50,000. This is a unique chance to acquire a substantial land parcel directly from the bank. Interested bidders are encouraged to review all auction terms and conditions prior to the bidding period.

The land offers potential given its size and location in Tumkur. However, the reserve price and EMD are relatively high, requiring careful due diligence. A calculated approach is recommended to assess market value and potential returns before bidding.