Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.9
Auction ID:611419
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹80,15,660
EMD:₹8,01,566
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 auction features a valuable parcel of industrial land located in Challakere, Chitradurga, Karnataka. The property is suitable for a variety of industrial ventures and presents a unique opportunity for investment in a developing region. Situated in a key industrial area, this land offers significant potential for growth and expansion. The auction is being conducted by Axis Bank under the SARFAESI Act.
State:Karnataka
City:Chitradurga
Area:challekere
Asset Category:Industrials
Full Address:2618/2511/2479/5921/29, 21st Ward Near Mahatmagandhi School Gandhi Nagar Challakere Town Chitradurga District, Gandhi Nagar, Chitradurga
Size:108 Sq Mtrs
Auction Description
Axis Bank is pleased to present an online SARFAESI auction for industrial land in Challakere, Chitradurga, Karnataka. The auction will commence on November 21, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this asset is INR 80,15,660, with an Earnest Money Deposit (EMD) of INR 8,01,566 required to participate. This is a prime opportunity to acquire industrial land owned by M/s Naveen Enterprises.
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
The property is residential with a fair price point, but the older construction might limit its appeal. Challakere is a developing area, presenting a moderate investment risk with potential for future growth. Auction terms seem standard, balancing risk and opportunity.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Suhail Dasankop
Contact no:8880999288
