Property for Auction in Hubli, Dharwad, Karnataka
Auction ID:536347
Bank Name:Karur Vysya Bank
Branch Name:Asset Recovery Branch
Reserve Price:₹7,10,000
EMD:₹71,000
Service Provider:bankauctions.in
Submission Date:22-07-2025 05:00 PM
Bid Start Date:23-07-2025 12:00 PM
This exceptional residential plot, precisely designated as Plot No. 154 within RS No 772/2A, presents a remarkable opportunity for new property buyers seeking to invest or build their dream home in the burgeoning city of Hubli, Dharwad, Karnataka. Strategically located on Ingalahalli Kusugal Road, a well-regarded area, this property spans a desirable 108 square meters, offering ample space for a comfortable family residence. The clear demarcation of its boundaries—bordered by a 9-meter road to the East, Site No 125 to the West, Site No 153 to the North, and Site No 155 to the South—provides prospective buyers with confidence in the plot's defined dimensions and hassle-free development potential. Its classification as a residential asset, coupled with the official Darwad district order, underscores its suitability for immediate construction or long-term appreciation. This prime parcel offers a unique chance to secure a valuable asset in a developing urban corridor, ideal for a tranquil living environment or a sound investment portfolio addition.
State:Karnataka
City:Dharwad
Area:Hubli
Asset Category:Residential
For new buyers keen on navigating the bank auction landscape, this SARFAESI auction, facilitated by Karur Vysya Bank's Asset Recovery Branch, offers a structured and transparent acquisition process. The reserve price for this residential plot is set at an attractive 710,000.00, requiring an Earnest Money Deposit (EMD) of 71,000.00 to participate, which is typically 10% of the reserve price. Prospective bidders must ensure their application is submitted by 05:00 PM on July 22, 2025. The e-auction itself is scheduled for July 23, 2025, precisely between 12:00 PM and 01:00 PM, providing a focused bidding window. All necessary details, including the sale notice, are available through the service provider bankauctions.in. For any specific queries, potential participants are encouraged to contact Sri. Thrimoorthy S at 7022170553. Due diligence is paramount; thoroughly reviewing the sale notice and understanding SARFAESI Act provisions are crucial steps before bidding.
Borrower Name:Mr Umashankar R
Auction Type:SARFAESI Auction
Contact Sri. Thrimoorthy S Phone:7022170553