Karnataka Industrial Areas Development Board 200 Residential Plots E-auction

KIADB to Auction Ready-to-Move Houses, Residential Plots in Tumakuru from March 21

Tumakuru: The Karnataka Industrial Areas Development Board (KIADB) has announced an e-auction of ready-to-occupy houses and residential sites at the Vasanthanarasapura Industrial Area (3rd Phase) in Tumakuru District. The initiative offers homebuyers and investors an opportunity to acquire government-approved, encumbrance-free properties in a fast-developing industrial corridor.

According to officials, the housing layout is strategically located near the upcoming industrial township under the Chennai-Bengaluru Industrial Corridor (CBIC), ensuring strong future growth prospects. The project comes equipped with essential civic amenities and is positioned close to reputed educational institutions, enhancing its residential appeal.

The auction includes a total of 106 ready houses across categories—LIG (50 units), MIG (20 units), and HIG (36 units)—along with 94 residential plots comprising EWS, LIG, MIG, and HIG segments. Plot sizes range from compact units for economically weaker sections to larger plots designed for high-income buyers.

Residential Houses

Residential Sites

KIADB officials emphasized that all properties come with clear titles, litigation-free status, and access to 24/7 electricity and water supply, making them immediately suitable for occupation or development.

The registration process begins on March 4, 2026, and will remain open until March 18, 2026, while the live e-auction is scheduled for March 21 and 22, 2026 via the state’s e-procurement portal.

Interested bidders can participate online through the Karnataka Public Procurement Portal. KIADB’s Tumakuru Zonal Office is also facilitating assistance for applicants.

With Tumakuru emerging as a key industrial and residential hub in Karnataka, the auction is expected to attract strong participation from both end-users and real estate investors looking to capitalize on the region’s rapid infrastructure growth.

The KIADB conducts e-auctions for residential layouts through the
Karnataka Public Procurement Portal.

👉 Official Portal: https://kppp.karnataka.gov.in

Eligibility Criteria

• The auction purchaser must be a Citizen of India.
• NRIs can also participate with valid attested documents.

Required Documents

Participants must upload the following documents (attested by a Gazetted Officer / Notary / Embassy for NRIs):

Identity & Address Proof (Any One)

• Voter ID
• Driving License
• Passport
• Aadhaar Card

Mandatory Uploads

• PAN Card (compulsory)
• Signature and Photograph (as per prescribed format from portal)

Registration Details

• Provide correct email ID, mobile number, and landline number.
• The name registered in the e-procurement portal will be final.
• Property cannot be transferred to another name later.

Participation Rules

• Minors or persons without computer knowledge can participate through guardians/friends.
• However, property will be registered only in the bidder’s name.
• Joint registration is allowed—relationship details must be uploaded.
• Partnership firms can participate if registered in India.

Earnest Money Deposit (EMD)

• ₹1,00,000 per residential site
• Must be paid via the e-procurement portal (not directly to KIADB)
• Separate EMD required for each site

Legal Jurisdiction

• All disputes fall under courts of:
  • Concerned district of the layout/industrial area, OR
  • Bengaluru

KIADB Rights

KIADB reserves the right to:

• Withdraw any site during auction
• Accept or reject any bid without reason

Auction Location (Example)

• Vasanthanarasapura Industrial Area, Phase 3,
  Tumakuru District

Payment Terms

Step 1: Initial Payment (25%)

• Must be paid within 72 hours (excluding bank holidays)
• Adjusted after deducting EMD
• Payment via RTGS/NEFT

Bank Details:

• Account Name: KIADB, Bengaluru
• Account No: 510341000075865
• IFSC: UBIN0930911
• Branch: Race Course Road

📩 Submit UTR details to KIADB Head Office, Bengaluru.

Step 2: Remaining 75%

• Must be paid within 60 days from allotment letter

Important Conditions

• Failure to pay 25% within 72 hours → EMD forfeited
• EMD of unsuccessful bidders will be refunded after approval
• Minimum bid (if single bidder): 5% above base price
• Sites sold on “As Is Where Is” basis
• No change of allotted site allowed

Additional Rules

• Read all terms carefully before bidding
• Multiple bids allowed with separate EMDs
• Allotment as per KIADB norms