1,500 sq ft Land & Building for Auction in Davanagere – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

1,500 sq ft

Reserve price / sq ft

₹3,200

Locality

—

City

Davanagere

State

Karnataka

Address

All that piece and parcel of land admeasuring 1500 sq.ft. bearing Site No. 12A, Door No. 1333/48 and other usufructs and improvements thereon, situated at Maganahalli Road, Chamarajpet C Block, 3rd Ward, 4th Division, Davangere village, Davangere Taluk, Davangere District in the name of Sri H M Mohinuddin vide Sale Deed No. 9596/2012-13 dated 18.10.2012 of SRO Davangere and bounded on the North: Road, East : Site No. 36, South: Conservancy and West: Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Davangere

Auction type

SARFAESI Auction

Borrower

M/s. M***** I*****

Auction start

30 Oct 2026, 11:00 AM

Auction end

30 Oct 2026, 12:00 PM

EMD submission deadline

29 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2407060

Price Check

This listing's reserve price works out to ₹3,200 per sq ft. The average across residential bank auctions in Davanagere on our site is ₹3,559 per sq ft, so this one is 10% 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 (bankauctions.in (4Closure) · Listing 2407060), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,80,000 before 29 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
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.