Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609817
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹5,80,00,000
EMD:₹58,00,000
Auction Time:10.20 AM to 10.35 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
Prime industrial land located in Ballari, Karnataka, offered by Karnataka Bank through a SARFAESI auction. This asset category property presents a significant investment opportunity in a developing industrial hub. The land is situated in Ballari city, providing strategic access and potential for various industrial applications. Ideal for businesses looking to establish or expand their operations in a key South Indian economic region.
State:Karnataka
City:Ballari
Area:Ballari,
Asset Category:Industrials
Full Address:Survey No. 1026 A part, Ballari Kasaba Hobli, Ballari Toq & District, Ballari Kasaba Hobli, Ballari
Size:4.98 Acres
Auction Description
Karnataka Bank is conducting a SARFAESI auction for industrial land in Ballari, Karnataka. The auction will take place on December 10, 2025, with a narrow bidding window from 10:00 AM to 10:15 AM. The reserve price is set at ₹5,80,00,000, and the Earnest Money Deposit (EMD) required is ₹58,00,000. This is a time-sensitive opportunity to acquire valuable industrial property. Interested bidders should ensure they are prepared to participate within the specified short auction period.
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 located in Ballari. The reserve price is reasonable, and the location holds potential for industrial growth. However, further due diligence is recommended to assess local market conditions and development prospects before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
