Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609816
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹43,00,000
EMD:₹4,30,000
Bid Increment:₹1,00,000
Auction Time:10.00 AM to 10.15 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-09-09
Bid Start Date:2025-12-10
Property Description
This is a bank auction of industrial land located in Kelagote, Chitradurga, Karnataka. The property is an asset of M/s Varsha Agri Business Center for Development Ltd, being auctioned under SARFAESI by Karnataka Bank. This is a prime opportunity to acquire industrial land in a developing area.
State:Karnataka
City:Chitradurga
Area:Kelagote
Asset Category:Industrials
Full Address:5, KIADB, Plot No.5, KIADB, Kelagote Industrial area, Kelagote Industrial area, Chitradurga
Building/Society:KIADB
Size:22940 Sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for industrial land in Kelagote, Chitradurga, Karnataka. The auction will take place on December 10, 2025, from 10:00 AM to 10:15 AM. The reserve price is INR 43,00,000, with an Earnest Money Deposit (EMD) of INR 4,30,000 required to participate. This is a limited-time online auction event.
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 industrial land in KIADB, Kelagote, offers a calculated opportunity due to its location and size, but the reserve price and auction terms should be carefully evaluated. Its positioning in an industrial area supports potential for business expansion, but requires due diligence on market conditions and associated costs.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
