Shop for auction 77 N 77°36'20.6 Cokborn, Bengaluru by The Special Officer and C

This presents a compelling opportunity for new property buyers to secure a strategically located commercial asset in the heart of Bengaluru. Situated on the well-established Cokborn Road, within BBMP Ward No. 91, this commercial property measures 766 sq.ft., identified by PID No. 91-61-08. Cokborn Road is renowned for its vibrant commercial activity and exceptional connectivity, positioning this asset perfectly for various business ventures or significant rental yield. While the original description also mentions "Good will residence," its classification as a 'Commercial Property' and 'Asset Category: Commercial' strongly emphasizes its primary value and potential for commercial utilization. This acquisition allows new investors to tap into Bengaluru's dynamic real estate market with a compact, yet potent, property. The clear title, held by the Competent Authority and Auctioning Authority, ensures a secure and transparent transaction, making it an attractive and low-risk entry point into commercial real estate investment in a prime urban locale.

For new entrants to the bank auction landscape, understanding the process is key. This particular commercial property is being offered via a SARFAESI Auction, conducted by The Special Officer and Component Authority, a robust and transparent mechanism for asset recovery. A crucial first step for interested bidders is to submit their application by the deadline of March 3, 2025, at 5:00 PM. The e-auction itself will commence precisely on March 4, 2025, at 11:00 AM, concluding sharply at 1:00 PM on the same day. Prospective bidders are required to deposit an Earnest Money Deposit (EMD) of INR 473,000.00, which represents 10% of the attractive Reserve Price of INR 4,730,000.00. This EMD is fully refundable to unsuccessful bidders. We strongly advise all interested parties to conduct thorough due diligence, review all available documentation, and clarify any queries by contacting the provided numbers: 6364403715 or 080-68948777. Engaging in a bank auction can be a rewarding path to property ownership, often offering competitive pricing, but requires careful adherence to the established procedures and timelines.