Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:611141
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 represents a significant opportunity for industrial development in a key region.
State:Karnataka
City:Koppal
Area:Kanakagiri
Asset Category:Industrials
Full Address:Sy. No: 206/1, at Navall Village, Kanakagiri Taluk, Koppal Dist., Navali Village, 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, between 11:30 AM and 12:30 PM. The reserve price is ₹2,93,00,000, with an Earnest Money Deposit (EMD) of ₹29,30,000 required to participate. This auction is ideal for investors looking to acquire industrial assets.
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 well-located industrial land with clear boundaries and good potential for development. The price, location, and terms make it a strong investment, provided due diligence confirms the absence of hidden liabilities. The auction terms are straightforward, enhancing the opportunity.
Contact Details
Branch:Branch Office : SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Service Provider:BAANKNET
Contact Details:
Contact no:9603917899
