Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614048
Bank Name:Federal Bank
Branch Name:LCRD - Bangalore Division
Reserve Price:₹53,00,000
EMD:₹5,30,000
Service Provider:Public Auction
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:10-12-2025 11:00 AM
Property Description
A prime residential plot located in the developing area of Kangarali BK, Belagavi, Karnataka. This plot offers a great opportunity for investment or building your dream home in a growing city. The property is situated in a well-connected locality with essential amenities nearby. It is an ideal canvas for development, offering clear title and ownership.
State:Karnataka
City:Belagavi
Area:Kangarali BK
Asset Category:Residential
Full Address:K2, CTS No. 1097/1, Plot No.K2, out of RS No.56,57,58 and 59, APMC Market yard, Kangrali KH, Kangarali BK, Belagavi
Size:2750 Sq ft
Auction Description
Federal Bank is conducting a SARFAESI auction for a residential plot in Kangarali BK, Belagavi, Karnataka. The auction will take place on 10-12-2025, from 11:00 AM to 12:00 PM. The reserve price is ₹53,00,000, with an Earnest Money Deposit (EMD) of ₹5,30,000 required to participate. This is a unique opportunity to acquire a valuable asset directly from the bank. Interested bidders are advised to review all auction terms and conditions beforehand.
Borrower Name:M/s Vaishnavi Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sarika Kapil Patil, Mr. Kapil Parasharam Patil
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its location in Kangarali BK, Belagavi, and its substantial plot size. While the reserve price seems appropriate, further due diligence regarding market value and development potential is advised before bidding.
Contact Details
Branch:Branch Office : LCRD - Bangalore Division
Service Provider:Public Auction
Contact Details:
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