Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611768
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹3,85,00,000
EMD:₹38,50,000
Service Provider:Public Auction
Important Dates
Submission Date:22-11-2025 05:00 PM
Bid Start Date:2025-11-24
Property Description
Prime commercial property located in Arasikere, Hassan, Karnataka, offered for sale by City Union Bank. This asset is part of a SARFAESI auction and is suitable for various business ventures. The property is situated in a key commercial area, offering excellent visibility and accessibility. Don't miss this opportunity to acquire a valuable commercial asset in a growing region. The property is being auctioned as part of the SARFAESI Act proceedings, ensuring a transparent and legally sound transaction.
State:Karnataka
City:Hassan
Area:Arasikere
Asset Category:Commercial
Full Address:New Khatha No.1-101-3, Old Khatha No.395/2898/4516, New Khatha No.1-101-5, Old Khatha No.394/2897(4515), Rice Mill Road, Santhepet, Arasikere Taluk, Hassan District, Santhepet, Arasikere
Size:148.6448 Sq.mt.
Auction Description
City Union Bank presents a SARFAESI auction for a prime commercial property in Arasikere, Hassan, Karnataka. The auction will be held on November 24, 2025, from 11:00 AM to 01:00 PM. The reserve price for this valuable asset is INR 3,85,00,000, with an Earnest Money Deposit (EMD) of INR 38,50,000 required to participate. This is a unique opportunity for investors and businesses to acquire a significant commercial property. All interested bidders are advised to review the auction terms and conditions provided by City Union Bank.
Borrower Name:M/s. Prime Marketing
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Haji Sulaiman, Mr. Sulaiman Anwar, Mr. Yousuf Anwar, Mrs. Firdous Sulaiman, Mrs. Taslim Bilal, M/s. Prime Associates, Mrs. Yasmin Iqbal, Mrs. Nierisa Aslam, Mrs. Zohara Bai, Mrs. Hanifa Bai, Mr. Iqbal Habib
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's commercial nature and location in Arasikere offer potential, but the reserve price requires careful evaluation. As a bank auction, it presents an opportunity for a below-market acquisition. However, due diligence is necessary to assess market demand and long-term value.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08134-250282
