Land for auction Santhebennur Davanagere 16 lakh Bank of India

This is a bank auction for a plot of land located in Santhebennur, Davanagere, Karnataka. The property is being auctioned by the Bank of India under the SARFAESI Act. It is an opportunity to acquire land in a developing area. The borrower for this asset was M/s. Marulasiddeshwara. This is a residential land parcel, suitable for various development purposes. The auction offers a chance to invest in real estate in Davanagere.

Bank of India is conducting an online SARFAESI auction for a residential land parcel in Santhebennur, Davanagere, Karnataka. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is INR 16,20,000, with an Earnest Money Deposit (EMD) of INR 1,62,000 required to participate. This is a direct opportunity to bid on a property previously associated with M/s. Marulasiddeshwara.

The property is a land parcel in Santhebennur, offered at a reasonable reserve price. While the location is not a prime metro area, the price point and potential for future development make it a calculated opportunity. Bidders should conduct thorough due diligence.