50 acre Residential Plot for Auction in Bengaluru – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

50 acre (≈ 21,78,000 sq ft)

Reserve price / sq ft

₹14

Locality

—

City

Bengaluru

State

Karnataka

Address

Description of the Property: SCHEDULE PROPERTY A: All that piece and parcel of land and residential property No. 16, in Sy.No. 143/1P1, measuring 182.11 Sq.mts, 0.04.50.00 acre (4.50 cents) and property identification no. 151800206601020094, bounded on: East by: Site No. 15, West by: Site No 18. North by: Layout Road, South by: Site No. 17. SCHEDULEPROPERTY B: All that piece and pracel of land and residential property 17 in Sy No. 143/1P1, Measuring 131.52 Sq. Mts 0.03.25.00 Acre (3.25 cents) and property identification No. 151800206601020087 bounded on: East by: Site No 14, West by: Site No. 18. North by: Site No. 16, South by: Road, SCHEDULE PROPERTY C: All that piece and pracel of land and residential property No. 18, in Sy.No. 143/1P1, Measuring 121.41 Sq mts 0.03.00.00 acre (3cents) and property identification no. 151800206601020088 and bounded on: East by: Site No 16, 17, West by: Road (Junction), North by: Road, South by: Road. (Symbolic Possession) View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

Lalbagh Road, Bangalore Branch

Auction type

SARFAESI Auction

Borrower

Prasad K**** H*****

Auction start

05 Nov 2026, 11:00 AM

Auction end

05 Nov 2026, 01:00 PM

EMD submission deadline

04 Nov 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2415078

Price Check

This listing's reserve price works out to ₹14 per sq ft. The average across residential bank auctions in Bengaluru on our site is ₹7,011 per sq ft, so this one is 100% 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 2415078), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹31,00,000 before 04 Nov 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 5 Nov 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.