Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614510
Bank Name:Canara Bank
Branch Name:ARM BRANCH : Secundrabad
Reserve Price:₹3,84,53,000
EMD:₹38,45,300
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features prime industrial land and a building located on Kallem road in Jangaon, Telangana. The property, previously owned by M/s. Bheeshma Jute Industries Pvt Ltd, is ideal for manufacturing, warehousing, or other industrial ventures. Its strategic location in Jangaon offers excellent connectivity and access to resources. This is a unique opportunity to acquire a substantial industrial asset through a transparent SARFAESI auction process.
State:Telangana
City:Jangaon
Area:Kallem road
Asset Category:Industrials
Full Address:Sy No. 525/B/1/2, 525/B/2, 525/2 and 525/B/1/1, Kallem village and gram panchayat, Jangaon dist, Telangana (Lot 1) and Sy No. 525/2/2, Kallem village and gram panchayat, Lingala Ganapur Mandal, Jangaon dist, Telangana (Lot 2), Kallem, Jangaon
Size:2.708 Acres
Auction Description
Canara Bank is conducting an online SARFAESI auction for a valuable industrial property in Jangaon, Telangana. The auction will take place on November 25, 2025, from 11:30 AM to 12:30 PM. The reserve price for this significant industrial land and building is ₹3,84,53,000, with an Earnest Money Deposit (EMD) of ₹38,45,300 required to participate. Don't miss this chance to bid on a key industrial asset.
Borrower Name:M/s. Bheeshma Jute Industries Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. T Srinivas Reddy, Mrs. T Radha, Mr. T Vishwath Reddy, Mr. Vedantham Srikanth
Legal Details
Possession Status:Symbolic
Encumbrance Details:No Encumbrances Known to Knowledge of the Bank
Why This Property
The industrial land in Jangaon presents a calculated opportunity due to its location and potential for industrial use. The reserve price is significant, requiring careful assessment of market conditions and investment feasibility. Symbolic possession adds a layer of complexity, but the absence of known encumbrances is a positive factor.
Contact Details
Branch:Branch Office : ARM BRANCH : Secundrabad
Service Provider:BAANKNET
Contact Details:
Dattatrey Bajpayee
Contact no:040-27725283
