Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613081
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,97,15,000
EMD:₹29,71,500
Auction Time:12.30 PM to 12.45 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-17
Bid Start Date:2025-12-18
Property Description
A prime commercial property located in Kolar, Kolar, Karnataka, available through a SARFAESI auction conducted by Karnataka Bank. This asset is part of the borrower's collateral, M/s HMS Infratech & Petro Products. The property offers significant potential for business ventures in a growing economic hub.
State:Karnataka
City:Kolar
Area:Kolar
Asset Category:Commercial
Full Address:Site No. 18, Khata No.509, A.R No. 540, Site No. 18, Ward No.22, Keelukote Layout (Kuvempu Nagar), Kolar -563101, Keelukote Layout (Kuvempu Nagar), Kolar
Size:2400 Sq.ft.
Auction Description
Karnataka Bank is holding a SARFAESI auction for a commercial property in Kolar, Karnataka. The auction will take place on December 18, 2025, with a brief bidding window from 12:30 PM to 12:45 PM. The reserve price is set at ₹2,97,15,000, with an Earnest Money Deposit (EMD) of ₹29,71,500 required to participate. This is a unique opportunity to acquire commercial real estate in Kolar.
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 property is a residential house in Kolar, presenting a calculated opportunity. The reserve price seems reasonable given the area. However, further due diligence regarding the location and property condition is advisable.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
