Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611301
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹1,08,00,000
EMD:₹10,80,000
Bid Increment:₹1,00,000
Auction Time:11:30 to 12:30
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
A significant industrial asset comprising factory land and buildings located in Hatlimorth, Kathua, Jammu and Kashmir. This property is offered by Canara Bank under the SARFAESI Act, presenting a prime opportunity for industrial investment or expansion in a developing region. The asset is suitable for various manufacturing or warehousing operations.
State:Jammu and Kashmir
City:Kathua
Area:Hatlimorth
Asset Category:Industrials
Full Address:11, Plot no. 11, near IID Centre,Govindsar Industrial Area, Hatlimorth, Kathua, Govindsar Industrial Area, Kathua
Size:8.66 kanal
Auction Description
Canara Bank is conducting a SARFAESI auction for a factory land and building in Hatlimorth, Kathua. The auction will take place on November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹10,800,000, with an Earnest Money Deposit (EMD) of ₹1,080,000 required. This is a unique chance to acquire industrial property from M/s Chenab Industries Pvt. Ltd's former holdings.
Borrower Name:M/s Chenab Industries Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:M/S J&K Integrated Textile Park Limited, Smt. Pragya Poddar, Sh. Kush Agarwal, Sh. Ram Avtar Agarwal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a good opportunity due to its industrial zoning and potential for manufacturing activities. The reserve price seems reasonable, but a thorough market analysis is advisable. The physical possession status reduces risk but the auction terms should be carefully reviewed.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Shri Manoj S R
Contact no:9855109338
