Commercial Property for auction Hemavathi Nagar Hassan 6 Cr Canara Bank

Property for Auction in thejur, Hassan, Karnataka

Recommendation
Strong BuyScore: 7.5
Possession
Physical
Size
253.35 sq. mtrs
Reserve Price
6,28,16,000
Reserve Price
6,28,16,000
EMD Required
62,81,600
Property Specifications
Size253.35 sq. mtrs
Unit No.Site No.4
FloorBasement, Ground+5 Floors
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Commercial Property
Location IconLocation:
thejur, Hassan
Auction Date IconAuction Date:
28-11-2025 10:30 AM

Auction Details

Recommendation:Strong BuyScore: 7.5

Auction ID:613268

Bank Name:Canara Bank

Branch Name:ARM Branch

Reserve Price:6,28,16,000

EMD:62,81,600

Auction Time:10:30 AM to 11:30 AM

Service Provider:BAANKNET

Important Dates

Submission Date:2025-11-27

Bid Start Date:2025-11-28

Property Description

A valuable commercial property located in Thejur, Hassan, Karnataka, offered by Canara Bank. This asset is categorized as Commercial Property and is part of a SARFAESI Auction. The property is associated with the borrower M/s GVK Residency. Situated in the well-connected city of Hassan, this is an excellent opportunity for investment in a thriving commercial area. Secure your bid on this prime real estate.

State:Karnataka

City:Hassan

Area:thejur

Asset Category:Commercial

Full Address:Site No.4, Ring Road, Hemavathi Nagar, Chickandagola Village, Thejur Panchayath, Hassan Block, Hemavathi Nagar, Hassan

Size:253.35 sq. mtrs

Auction Description

Canara Bank presents a SARFAESI auction for a commercial property in Thejur, Hassan, Karnataka. The auction has a reserve price of ₹6,28,16,000 and requires an EMD of ₹62,81,600. Bidding opens on November 28, 2025, at 10:30 AM and closes at 11:30 AM on the same day. This is a unique chance to acquire a significant commercial asset. Interested parties are advised to review all auction terms and conditions prior to bidding.

Borrower Name:M/s GVK Residency

Auction Type:SARFAESI Auction

Guarantor Names:Shri. Keshave Gowda

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

The commercial property in Thejur, Hassan, offers a strong investment opportunity due to its size, location on Ring Road, and potential for rental income. With a competitive reserve price and clear auction terms, it's a favorable prospect for investors looking for commercial real estate in Karnataka. The physical possession further enhances the value.

Contact Details

Branch:Branch Office : ARM Branch

Service Provider:BAANKNET

Contact Details:

Gijesh Kumar

Contact no:7200793043

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