Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614164
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹5,75,00,000
EMD:₹57,50,000
Bid Increment:₹1,00,000
Auction Time:10:30 AM to 11:00 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a significant parcel of land located in Gowribidanur, Chikkaballapur, Karnataka. This asset is categorized as Residential land, offering a prime opportunity for development or investment in a growing region. The property is being auctioned by Canara Bank under SARFAESI norms.
State:Karnataka
City:Chikkaballapur
Area:Gowribidanur
Asset Category:Residential
Full Address:Sy. No.309/1 area 4 acre 20 guntas Gangasandra Village, Kasaba Hobli, Gangasandra Village, Kasaba Hobli, Gowribidanur
Size:4 acre
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential land parcel in Gowribidanur, Chikkaballapur, Karnataka. The auction will take place on November 25, 2025, with bidding open from 10:30 AM to 11:00 AM. The reserve price is ₹5,75,00,000 and the Earnest Money Deposit (EMD) required is ₹57,50,000. This is a timed auction event, presenting a clear opportunity for interested buyers.
Borrower Name:M/S BHARANI HI TECH AGRO INDUSTRIES
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Anand L, Mr. Harsha Anand, Smt Chitra Anand, Mr. Vijay Anand
Legal Details
Possession Status:Physical
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The land offers a decent investment opportunity due to its size and agricultural potential. However, the specific usage and location in Gowribidanur, require careful evaluation. The reserve price and auction terms are standard, making it a calculated risk.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:08025310066
