Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610387
Bank Name:Canara Bank
Branch Name:ARM BRANCH : Secundrabad
Reserve Price:₹14,19,00,000
EMD:₹1,41,90,000
Bid Increment:₹2,00,000
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 is a prime industrial land parcel located in the well-established industrial hub of Balanagar, Medchal-Malkajgiri, Telangana. The property is being auctioned by Canara Bank as part of a SARFAESI auction. It presents an excellent opportunity for industrial development or expansion in a strategically important region known for its robust infrastructure and connectivity. The land is ideally suited for various industrial applications.
State:Telangana
City:Medchal-Malkajgiri
Area:Balanagar,
Asset Category:Industrials
Full Address:A-23 (part), Plot no. A-23 (part), APIE, Balanagar Village, Kukatpally Municipality, Balanagar Mandal, Balanagar, Medchal-Malkajgiri
Size:809.00 Sq. Yds
Auction Description
Canara Bank is conducting an SARFAESI auction for a significant industrial land property in Balanagar, Medchal-Malkajgiri, Telangana. The auction will take place on November 25, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹14,19,00,000, with an Earnest Money Deposit (EMD) of ₹1,41,90,000 required to participate. This is a direct opportunity to acquire a valuable industrial asset from a leading public sector bank.
Borrower Name:M/s RN METALS PRIVATE LIMITED
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Pushpa Agarwal, Mr. Rajkumar Agarwal, Mr. Mayur Agarwal, Mr. Bhavesh Kumar Agarwal
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The industrial land in Balanagar presents a good investment opportunity due to its strategic location and industrial zoning. While the reserve price is substantial, the area's development potential justifies a 'Strong Buy' recommendation, especially considering the auction terms and the bank's involvement.
Contact Details
Branch:Branch Office : ARM BRANCH : Secundrabad
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:040-27725283/260
