Plot for auction 1 Mahalbagayath, Vijayapura by Canara

This offering features a valuable residential plot located in Mahalbagayath, Vijayapura, Karnataka. The plot, identified as part of Sy.No.823/B, Plot No.1, spans 0.04.06.46 acres, offering a substantial footprint for development. Its strategic position is enhanced by its accessibility, bordering a 30-meter road to the west. The property is further defined by its surrounding plots and agricultural land, providing a clear and well-established locale. Situated in Vijayapura, a city with growing infrastructure and economic potential in Karnataka, this plot represents an excellent opportunity for capital appreciation and personal investment. Whether you envision building a dream home or a strategic real estate venture, this plot in Mahalbagayath offers a solid foundation for your aspirations within a developing region.

This auction presents a prime opportunity for new property buyers to acquire a residential plot through the SARFAESI Act. The auction is being conducted by Canara Bank and is scheduled to commence on July 31, 2025, with bidding open from 11:30 AM to 12:30 PM. A crucial deadline for application submission is July 19, 2025, by 4:00 PM, so interested parties should act swiftly to ensure they are eligible to participate. The reserve price for this asset has been set at ₹41,00,000, with an Earnest Money Deposit (EMD) of ₹4,10,000 required to secure your bid. This process, while requiring adherence to specific timelines and financial commitments, offers a transparent method for acquiring property directly from the bank, potentially at competitive market values. Familiarize yourself with the terms and conditions well in advance to navigate the bidding process with confidence.