Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609818
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,10,70,000
EMD:₹11,07,000
Auction Time:10.40 AM to 10.55 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
A prime industrial land parcel located in Ballari, Karnataka, offered for auction by Karnataka Bank. This asset is part of a SARFAESI auction and is situated in the Ballari area, known for its industrial significance. The property is ideal for businesses looking to establish or expand their operations in a strategic location within the state. Its designation as industrial land makes it suitable for a wide range of manufacturing, processing, or warehousing activities. The land offers ample space and potential for development, providing a valuable opportunity for industrial growth.
State:Karnataka
City:Ballari
Area:Ballari,
Asset Category:Industrials
Full Address:Sy.No. 1026 A part, Ballari Kasaba Hobli, Ballari Taluk and District, Ballari Kasaba Hobli, Ballari
Size:1.00 Acre
Auction Description
Karnataka Bank is conducting a SARFAESI auction for an industrial land property in Ballari, Karnataka. The auction will take place on December 10, 2025, with bidding open from 10:00 AM to 10:15 AM. The reserve price for this valuable industrial asset is ₹1,10,70,000, and the Earnest Money Deposit (EMD) required is ₹11,07,000. This is a unique opportunity to acquire a significant industrial land parcel in Ballari, formerly associated with M/s Varsha Agri Business Center for Development Ltd. Interested parties are encouraged to review all auction terms and conditions before participating.
Borrower Name:M/s Varsha Agri Business Center for Development Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Raju S V, Mr.Marchad Channa Mallikarjuna Goud, Ms.Pallavi Raju, Mrs. Aruna S V, Mr.Kiran S C, Mr.Veerabhadrappa S C, Mr.Marchad Rajashekar Goud, Mr.Shankarappa, Mrs.Marchad Narasamma, Mr.Manjunath M V, M/s Sandeep Minerals Pvt. Ltd.
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial land in Ballari with a decent reserve price. Given the location and type of property, it represents a calculated opportunity for investors seeking industrial real estate.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
