Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611979
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹2,45,00,000
EMD:₹24,50,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
City Union Bank is pleased to present an exceptional land auction opportunity in Tiptur, Bengaluru, Karnataka. This prime industrial asset, previously owned by Mis. Dada Agencies, offers a substantial plot ideal for development and investment. Situated in a developing region, this land holds significant potential for future growth and value appreciation.
State:Karnataka
City:Bengaluru
Area:Tiptur
Asset Category:Industrials
Full Address:1, E-Khatha No. 152500800700120013, Property No.1, Survey No. 152/7 (New No 152/18). Survey No.152/8 (New No.152/19), Survey No. 152/9 (New No. 152/20) and Survey No. 152/15, Huchagondanahalli Grama Panchayath, Bennayakanahalli Village, Kasaba Hobli, Tiptur Taluk, Bennayakanahalli Village, Tiptur
Size:10069.91 Sq. meters
Auction Description
Participate in a SARFAESI auction conducted by City Union Bank for a valuable industrial land parcel in Tiptur, Bengaluru. The auction commences on November 24, 2025, at 01:00 PM and concludes at 05:00 PM on the same day. With a reserve price of ₹2,45,00,000 and an Earnest Money Deposit (EMD) of ₹24,50,000, this is a compelling opportunity for astute investors and developers.
Borrower Name:Mis. Dada Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Iqbal Habib, Mr. Haji Sulaiman, Mr. Bilal Habib, Mr. Aslam Habib, Mr. Sulaiman Anwar, Mr. Yousuf Anwar
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel with industrial conversion potential in Tiptur. While the location is not a major metropolitan area, the reserve price could present an opportunity for the right investor. Auction terms are standard, warranting a 'Calculated Opportunity' rating based on location and development potential.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:08134-250282
