1,361.25 sq feet Residential Plot for Auction in Mulabagilu Kasaba Hobli, Mulbagal Taluk, Kolar District, Kolar – Union Bank

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

1,361.25 sq feet (≈ 1,361 sq ft)

Reserve price / sq ft

₹1,428

Locality

Mulabagilu Kasaba Hobli, Mulbagal Taluk, Kolar District

City

Kolar

State

Karnataka

Pincode

563131

Address

Mulabagilu Kasaba Hobli, Mulbagal Taluk, Kolar District, Karnataka, 563131 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

BANGALORE-J.C.ROAD-902519

Auction type

SARFAESI Auction

Borrower

Venkataramappa (***** s** V*****

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 05:00 PM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

MOHAMMAD MEHBOOB ALAM, Authorized Officer, Chief Manager

Officer contact

8008922559

E-auction portal

BAANKNET (Property ID UBINBLRBLS2561)

Price Check

This listing's reserve price works out to ₹1,428 per sq ft. The average across residential bank auctions in Kolar on our site is ₹1,915 per sq ft, so this one is 25% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID UBINBLRBLS2561)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.