Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611767
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹3,90,00,000
EMD:₹39,00,000
Service Provider:Public Auction
Important Dates
Submission Date:22-11-2025 05:00 PM
Bid Start Date:2025-11-24
Property Description
City Union Bank presents a unique opportunity to acquire a Land and Building asset in Arasikere, Hassan, Karnataka. This property, previously associated with M/s. Prime Marketing, falls under the Residential asset category. Ideal for investors or developers, this offering is part of a SARFAESI auction, providing a direct acquisition route from the bank.
State:Karnataka
City:Hassan
Area:Arasikere
Asset Category:Residential
Full Address:Khatha No.268/5246(6583), Ward No. 14/2, Shivaji Colony, Shivaji Colony, Arasikere
Size:1200 Sq.ft.
Auction Description
Participate in the SARFAESI auction conducted by City Union Bank for a Land and Building property in Arasikere, Hassan, Karnataka. The auction commences on November 24, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is set at ₹3,90,00,000, with an Earnest Money Deposit (EMD) of ₹39,00,000 required to participate. This is a direct opportunity to bid on a valuable asset.
Borrower Name:M/s. Prime Marketing
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Haji Sulaiman, Mr. Sulaiman Anwar, Mr. Yousuf Anwar, Mrs. Firdous Sulaiman, Mrs. Taslim Bilal, M/s. Prime Associates, Mrs. Yasmin Iqbal, Mrs. Nierisa Aslam, Mrs. Zohara Bai, Mrs. Hanifa Bai, Mr. Iqbal Habib
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Arasikere and the residential nature offer a reasonable investment potential. The reserve price seems appropriate for the area, although further due diligence is required. Auction terms are standard, but prospective investors should carefully review all conditions.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08134-250282
