Malur Industrial Area Plot Auction: Plot in Vacant Site (1,575 sq ft) – Reserve ₹82 Lakh (3 Nov 2026)
Verified Listing Auction Closed
Property ID: BKN-366437
Property Description
Looking for a residential plot below market price in Malur Industrial Area? The Malur Industrial Area plot auction by State Bank of India is scheduled for 3 Nov 2026. On offer is a plot in Vacant Site in Malur Industrial Area, Kolar (PIN 563130), with 1,575 sq ft built-up and 1,574 sq ft carpet area. The online auction runs on 3 November 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹82,00,000.
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.
Table of Contents
Table of Contents
Malur Industrial Area Plot Auction: Key Highlights
- Reserve price: ₹82,00,000 (₹82 Lakh)
- EMD: ₹8,20,000
- Bid increment: ₹50,000
- Auction: 3 November 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 2 November 2026, 4:00 PM
- Location: Malur Industrial Area, Kolar, Karnataka
- Possession: Symbolic
Malur Industrial Area Plot Auction – Complete Details
| Auction ID | 366437 |
| Bank property ID | SBIN200090159254 |
| Bank | State Bank of India |
| Branch | Sarb Bangalore |
| Property type | Residential – Plot |
| Project / building | Vacant Site |
| Built-up area | 1,575 sq ft |
| Carpet area | 1,574 sq ft |
| Locality | Malur Town |
| City / District | Malur Industrial Area, Kolar |
| State | Karnataka |
| PIN code | 563130 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹82,00,000 |
| EMD | ₹8,20,000 |
| Bid increment | ₹50,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Malur Industrial Area
Malur Industrial Area is in Kolar district of Karnataka, under PIN code 563130. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Sarb Bangalore, which is usually the best contact for site visits and local queries.
Is the Malur Industrial Area Plot Auction Worth It?
At the reserve price, the property works out to about ₹5,206 per sq ft of built-up area – compare this with recent resale rates in Malur Industrial Area before you bid. The EMD of ₹8,20,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Malur Industrial Area Plot Auction
- Inspection window: 29 September 2026, 11:00 AM to 2 November 2026, 3:59 PM
- EMD submission opens: 28 September 2026
- Last date for EMD: 2 November 2026, 4:00 PM
- E-auction: 3 November 2026, 11:00 AM to 4:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366437 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9448990270.
- Pay the EMD of ₹8,20,000 through the BAANKNET wallet before 2 November 2026, 4:00 PM.
- Log in on 3 November 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 10 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 chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Malur Industrial Area Plot Auction: FAQs
What is the reserve price in the Malur Industrial Area plot auction?
The reserve price is ₹82,00,000. Bids below the reserve price are not accepted.
When is the Malur Industrial Area plot auction scheduled?
The e-auction is on 3 November 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 2 November 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹8,20,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Malur Industrial Area, Kolar, Karnataka – 563130.
Where can I see the official sale notice?
Search Auction ID 366437 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Karnataka Auctions
- All State Bank of India auction listings
- More residential plot auctions
- Bank auctions in Karnataka
- Guide: reserve price bidding strategy
Source: Auction ID 366437 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State Bank of India before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Residential Plots |
|---|---|
| Built-up Area | 1575 sq ft |
| Location | Malur Industrial Area, Kolar, Kolar, Karnataka |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Starts
- 2 Nov 2026Inspection Ends
- 2 Nov 2026Last Date for EMD Submission
- 3 Nov 2026, 11:00 AM to 4:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.