Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609819
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,02,50,000
EMD:₹20,25,000
Auction Time:11.00 AM to 11.05 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a prime industrial land parcel located in Molakalmuru, Chitradurga, Karnataka. Spanning a significant area suitable for industrial development, this asset is being auctioned by Karnataka Bank under the SARFAESI Act. The property offers a strategic location within an established industrial region, presenting a valuable opportunity for businesses seeking to expand or establish operations in the state.
State:Karnataka
City:Chitradurga
Area:Molakalmuru
Asset Category:Industrials
Full Address:Khatha No.201/01, Property No. 151000600100120547, B.G. Kere, Kasaba Hobli, Molakalmuru Taluk, Molakalmuru, Chitradurga
Size:119739 Sq.ft.
Auction Description
Karnataka Bank presents a SARFAESI auction for an industrial land property in Molakalmuru, Chitradurga. The auction will be conducted online on December 10, 2025, with bidding open from 10:00 AM to 10:15 AM. The reserve price is set at ₹2,02,50,000, and the Earnest Money Deposit (EMD) required is ₹20,25,000. This is a unique chance to acquire industrial land in a developing area. Interested parties should review all auction terms and conditions provided by Karnataka Bank.
Borrower Name:M/s Varsha Agri Business Center for Development Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Raju S V, Mr.Marchad Channa Mallikarjuna Goud, Ms.Pallavi Raju, Mrs.Aruna S V, Mr.Kiran S C, Mr.Veerabhadrappa S C, Mr.Marchad Rajashekar Goud, Mr.Shankarappa, Mrs.Marchad Narasamma, Mr. Manjunath M V, M/s Sandeep Minerals Pvt. Ltd.
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large commercial plot in a developing area. The reserve price is reasonable, but potential investors should conduct thorough due diligence. Given the location and size, it represents a calculated investment opportunity.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
