Land for auction Kartagi Gangavathi 62 lakh Canara Bank

Property for Auction in Gangavathi, Koppal, Karnataka

Recommendation
Calculated OpportunityScore: 6.5
Possession
Physical
Size
10.50 guntas
Reserve Price
62,48,000
Reserve Price
62,48,000
EMD Required
6,25,000
Property Specifications
Size10.50 guntas
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Gangavathi, Koppal
Auction Date IconAuction Date:
20-11-2025 11:30 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.5

Auction ID:612057

Bank Name:Canara Bank

Branch Name:SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,

Reserve Price:62,48,000

EMD:6,25,000

Auction Time:11.30 am to 12.30 pm

Service Provider:BAANKNET

Important Dates

Submission Date:2025-11-19

Bid Start Date:2025-11-20

Property Description

A parcel of land located in Gangavathi, Koppal, Karnataka. This residential land offers a prime investment opportunity in a developing area. Suitable for residential development, this plot is part of a SARFAESI auction conducted by Canara Bank. The property is situated in a key locality within Gangavathi, offering potential for future growth and appreciation. Ideal for builders or individuals looking to acquire land for personal or investment purposes.

State:Karnataka

City:Koppal

Area:Gangavathi

Asset Category:Residential

Full Address:Sy No.423/5, Near Kere Basaveshwar Temple, Kartagi, Kartagi, Gangavathi

Size:10.50 guntas

Auction Description

Canara Bank is holding a SARFAESI auction for a valuable piece of land in Gangavathi, Koppal, Karnataka. The auction will take place on November 20, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this property is INR 62,48,000, with an Earnest Money Deposit (EMD) of INR 6,25,000 required to participate. This is a unique chance to acquire land in a sought-after region. Don't miss this opportunity to bid on this attractive asset.

Borrower Name:M/s Sri Vaishnavi Agro Foods

Auction Type:SARFAESI Auction

Guarantor Names:Sri S Veeresh Shetty, Sri J Nagaraj Shetty, Sri J Basanna Shetty

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

The property is a land parcel in a developing area, offered at a reasonable reserve price. While the location might not be prime, the potential for agricultural use or future development makes it a calculated opportunity. The auction terms seem standard, offering a balanced risk-reward profile.

Contact Details

Branch:Branch Office : SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,

Service Provider:BAANKNET

Contact Details:

Contact no:9603917899

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