Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611418
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹5,55,61,182
EMD:₹55,56,118
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a prime commercial property located in Challakere, Chitradurga, Karnataka. Situated in a developing area with good connectivity, this asset offers significant potential for various business ventures. The property is being auctioned by Axis Bank under the SARFAESI Act. It represents a valuable opportunity for investors and businesses looking to establish a presence in the region.
State:Karnataka
City:Chitradurga
Area:challekere
Asset Category:Commercial
Full Address:Rmc Yard Challakere, Challakere, Chitradurga
Size:664.250407 Sq Mtrs
Auction Description
Axis Bank presents a SARFAESI auction for a commercial property in Challakere, Chitradurga, Karnataka. The auction will be conducted online on November 21, 2025, from 11:00 AM to 12:00 PM. The reserve price for this opportunity is ₹5,55,61,182, with an Earnest Money Deposit (EMD) of ₹55,56,118. This auction is ideal for individuals or entities seeking to acquire commercial real estate in a growing market.
Borrower Name:M/s Naveen Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:K M Naveen Kumar, K Maddanappa
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
This commercial property in Challakere offers a decent investment potential given its size and location. The reserve price appears reasonable, but potential investors should conduct thorough due diligence. The auction terms are standard, making it a calculated opportunity.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Suhail Dasankop
Contact no:8880999288
