Aland House Auction: Individual House (1,104.56 sq ft) – Reserve ₹26.63 Lakh (6 Nov 2026)

The Aland house auction listed by Canara Bank on the BAANKNET e-auction portal is one of the upcoming house opportunities in Karnataka. On offer is a individual house in Aland, Kalaburagi (PIN 585302), with 1,104.56 sq ft carpet area. The online auction runs on 6 November 2026 (11:30 AM to 12:30 PM) with a reserve price of ₹26,63,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Aland House Auction: Key Highlights

• Reserve price: ₹26,63,000 (₹26.63 Lakh)
• EMD: ₹2,66,300
• Bid increment: ₹10,000
• Auction: 6 November 2026, 11:30 AM to 12:30 PM
• Last date for EMD: 5 November 2026, 4:00 PM
• Location: Aland, Kalaburagi, Karnataka
• Possession: Symbolic

Aland House Auction – Complete Details

Auction ID	366384
Bank property ID	CNRB120861797
Bank	Canara Bank
Branch	Aland-Ii
Property type	Residential – Individual House
Carpet area	1,104.56 sq ft
Locality	Aland
City / District	Aland, Kalaburagi
State	Karnataka
PIN code	585302
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹26,63,000
EMD	₹2,66,300
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Aland

This listing falls in Aland, Kalaburagi, Karnataka, postal code 585302. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Aland-Ii, which is usually the best contact for site visits and local queries.

Is the Aland House Auction Worth It?

At the reserve price, the property works out to about ₹2,411 per sq ft of carpet area – compare this with recent resale rates in Aland before you bid. The EMD of ₹2,66,300 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Aland House Auction

• Inspection window: 4 November 2026, 10:00 AM to 4 November 2026, 4:00 PM
• EMD submission opens: 28 September 2026
• Last date for EMD: 5 November 2026, 4:00 PM
• E-auction: 6 November 2026, 11:30 AM to 12:30 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366384 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9480174999.
4. Pay the EMD of ₹2,66,300 through the BAANKNET wallet before 5 November 2026, 4:00 PM.
5. Log in on 6 November 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our buying bank auction houses and villas before you bid.

Aland House Auction: FAQs

More Canara Bank and Karnataka Auctions

• All Canara Bank auction listings
• More house auctions
• Bank auctions in Karnataka
• Guide: symbolic vs physical possession explained

Source: Auction ID 366384 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.