Mysore Flat Auction: 1,937 Sq Ft 3BHK in Adishwar Vatika – Reserve ₹1.56 Cr (15 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-15
Property Description
Looking for a flat and apartment deal below market rates? The Mysore flat auction listed by Federal Bank deserves a close look. A spacious 1,937 sq ft 3BHK flat with a closed basement car park in Adishwar Vatika, next to Brigade Horizon on T. Narasipura Road, Mysuru, is up for online auction. The online e-auction is scheduled for 15 October 2026, with a reserve price of ₹1,56,00,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Mysore Flat Auction: Key Highlights
- Reserve price: ₹1,56,00,000
- EMD: ₹15,60,000
- Auction date: 15 October 2026
- Last date for EMD / bid: 13 October 2026, 5:00 PM
- Location: Nazarbad, Mysuru, Karnataka
Mysore Flat Auction – Complete Details
| Asset | 3BHK Flat 312, D-Wing, Shathrunjay Block, Adishwar Vatika, Mysuru |
| Description | Residential 3BHK flat on the 3rd floor with super built-up area of 179.95 sq m and one closed basement car park, with 53.96 sq m undivided share |
| Land area | 53.96 sq m undivided share |
| Built-up area | 179.95 sq m (about 1,937 sq ft) super built-up |
| Survey / Plot No. | Property No. 670/16A1, N-28/16A1 |
| District | Mysuru |
| Reserve price | ₹1,56,00,000 |
| EMD (10%) | ₹15,60,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Mysuru |
| Mode of sale | Online e-auction |
| E-auction portal | www.bankeauctions.com |
| Type of possession | Symbolic possession |
| Outstanding dues | ₹5,98,88,332 as on 21 August 2026 |
| Encumbrances | None stated; bidders to verify |
| Notice date | 29 August 2026 |
About the Location – Nazarbad, Mysuru
Nazarbad Mohalla is one of Mysuru’s most central residential areas, close to the Mysore Palace, Chamundi Hill road, the Lalitha Mahal and the Mysuru Race Course. T. Narasipura Road connects quickly to the Outer Ring Road and the Bengaluru–Mysuru expressway, which has cut travel time to Bengaluru to under two hours. Premium apartments here appeal to retirees and families relocating from Bengaluru.
Is the Mysore Flat Auction Worth It?
At about ₹8,054 per sq ft of super built-up area with parking, the reserve is in line with premium resale rates in central Mysuru; possession is symbolic, so plan for handover formalities. The bank’s outstanding dues (₹5.99 Cr) are about 3.8 times the reserve price, so the bank is clearly motivated to close this sale. Prices in recovery auctions are often attractive, but the real gain comes only after you factor in dues, taxes and transfer costs.
Important Dates for the Mysore Flat Auction
- Sale notice date: 29 August 2026
- Inspection: By prior appointment with the Authorised Officer, LCRD Bangalore
- Last date for EMD and bid submission: 13 October 2026 (5:00 PM)
- E-auction: 15 October 2026
How to Bid in This Federal Bank Auction
- Register on www.bankeauctions.com and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹15,60,000 by RTGS/NEFT and upload the bid form before 13 October 2026.
- Log in on 15 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance; 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for Property No. 670/16A1, N-28/16A1.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our tips for buying bank auction flats before you bid.
Contact the Authorised Officer
| Authorised Officer | Authorised Officer, LCRD Bangalore Division |
| Office | Federal Bank LCRD Bangalore Division, No. 3, Church Street, 2nd Floor, MSR West Park, Bengaluru 560001 |
| Phone | 8095828647 |
| bgrlcrd@federalbank.co.in |
Mysore Flat Auction: FAQs
What is the reserve price in the Mysore flat auction?
The reserve price is ₹1,56,00,000. Bids below this amount are not accepted.
When is the Mysore flat auction scheduled?
The auction is on 15 October 2026. EMD and bids must reach the bank by 13 October 2026.
How much EMD is required?
The earnest money deposit is ₹15,60,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More flat and apartment auctions
- Bank auctions in Mysuru
- Guide: home loan for auction property
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank 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 Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 179.95 sq m (about 1,937 sq ft) super built-up |
| Land Area | 53.96 sq m undivided share |
| Location | Nazarbad, Mysuru, Mysuru, Karnataka |
| Possession | Symbolic |
| Encumbrances | None stated; bidders to verify |
Location Map
Auction Timeline
- 29 Aug 2026Auction Notice Published
- 13 Oct 2026Last Date for EMD Submission
- 15 Oct 2026e-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.