Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613080
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹20,20,00,000
EMD:₹2,02,00,000
Bid Increment:₹1,00,000
Auction Time:10.00 AM to 10.25 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-17
Bid Start Date:2025-12-18
Property Description
This auction features a prime commercial property located on Chikkaballapura Road in Kolar, Karnataka. Situated in a developing area with good connectivity, this property offers significant potential for business ventures. The asset category is commercial, making it suitable for a wide range of enterprise activities. Don't miss this opportunity to acquire a valuable commercial asset in Kolar.
State:Karnataka
City:Kolar
Area:Chikkaballapura Road
Asset Category:Commercial
Full Address:M.L. KhataNo.171 & 172, A.R No's 175 & 176, Chikkaballapur Road, Kolar, Kasaba Village, Kolar
Size:39181 Sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a commercial property in Kolar, Karnataka. The auction will take place on December 18, 2025, with bidding open from 10:00 AM to 10:25 AM. The reserve price for this asset is ₹20,20,00,000, and the Earnest Money Deposit (EMD) required is ₹2,02,00,000. This is a fantastic chance to invest in a strategically located commercial property.
Borrower Name:M/s HMS Infratech & Petro Products
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Sabiha Begum, Mr.Ishaq Ahmed, Mr.Syed Parvez Pasha
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The commercial property's location on Chikkaballapura Road in Kolar, combined with its petrol bunk setup, presents a calculated investment opportunity. The high reserve price warrants careful due diligence, but the established commercial use can be beneficial. Investors should analyze market demand and operational costs to determine potential profitability within the auction terms.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no:8885035382
