Plot for auction Mallandur Village Chikkamagaluru 69 lakh Canara Bank

This auction presents a valuable parcel of land in the scenic region of Mudigere, Chikmagalur, Karnataka. Situated in a well-regarded area, this residential land offers a promising opportunity for development or investment. The property is being auctioned by Canara Bank under the SARFAESI Act. Key details include a reserve price of INR 1,08,05,000 and an Earnest Money Deposit (EMD) of INR 10,80,500. This is a prime opportunity to acquire land in a developing part of Karnataka.

Canara Bank is conducting a SARFAESI auction for a land property located in Mudigere, Chikmagalur, Karnataka. The auction will take place on December 9, 2025, starting at 10:00 AM and concluding at 12:30 PM. The reserve price for this residential land is INR 1,08,05,000, with an EMD of INR 10,80,500 required to participate. This auction offers a direct opportunity to purchase property from the bank, following the legal framework of SARFAESI. Interested bidders should ensure they meet all pre-auction requirements.

The land parcel in Mallandur offers potential for appreciation, balanced by its location and the auction terms. The reserve price is reasonable, suggesting a calculated investment. While not a prime investment, it represents a good opportunity for those familiar with the local market.