Property for Auction in Gangavathi, Koppal, Karnataka
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
Submission Date:2025-11-19
Bid Start Date:2025-11-20
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
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
Possession Status:Physical
Encumbrance Details:Not Known to Bank
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.
Branch:Branch Office : SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Service Provider:BAANKNET
Contact Details:
Contact no:9603917899