Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611144
Bank Name:Canara Bank
Branch Name:SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Reserve Price:₹2,93,00,000
EMD:₹29,30,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This auction features prime industrial land located in Kanakagiri, Koppal, Karnataka. The property is offered by Canara Bank under the SARFAESI Act. It presents a significant opportunity for industrial development in a strategic location.
State:Karnataka
City:Koppal
Area:Kanakagiri
Asset Category:Industrials
Full Address:Sy. No: 206/1, Navali Village, Kanakagiri Taluk, Koppal Dist, Kanakagiri, Koppal
Size:3.32 Acres
Auction Description
Canara Bank is conducting a SARFAESI auction for industrial land in Kanakagiri, Koppal, Karnataka. The auction will take place on November 21, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at INR 2,93,00,000, with an Earnest Money Deposit (EMD) of INR 29,30,000. This is a direct opportunity to acquire valuable industrial real estate.
Borrower Name:M/s Sri Adhishakthi Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Sri Umesha S/o Sri Hire Bhimanna, M/s Sri Lakshmi Textiles, Sri CH Subba Rao S/o Sri Venkateswarlu, Smt. CH Laxmirajyam W/o Sri CH Subba Rao, Sri K Ravi Kumar S/o Late Sri K Viswanath, Smt. K Padmavathi W/o Sri K Ravi Kumar, Sri N Deviprasad S/o Sri N Sathyanarayana, Smt. Bhuvaneswari Nayak W/o Sri Shivareddy Nayak, Sri Shiva Kumar S/o Sanna Bhimmanna, Sri Sharanappa S/o Lachamappa, Pooja D/o Sri Shiva Reddy Nayak, Sri Shiva Reddy Nayak S/o Bhagavanthappa Nayak
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land in Kanakagiri, presenting a calculated opportunity. The location is decent, and the reserve price seems reasonable considering the size. Further due diligence is recommended to assess the land's potential for industrial development.
Contact Details
Branch:Branch Office : SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Service Provider:BAANKNET
Contact Details:
Contact no:9603917899
