Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611414
Bank Name:Axis Bank
Branch Name:Retail Lending and Payment Group
Reserve Price:₹1,67,32,064
EMD:₹16,73,206
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is an industrial land parcel located in Challakere, Chitradurga, Karnataka, offered through a SARFAESI auction by Axis Bank. The property is suitable for industrial development and presents a significant investment opportunity in a developing region.
State:Karnataka
City:Chitradurga
Area:challekere
Asset Category:Industrials
Full Address:Aasthi No 517/1p Bearing E Property No 151000102200200597, Nagaramgere Village, Nagaramgere, Chitradurga
Size:4046.67 sq mtrs
Auction Description
Axis Bank is conducting a SARFAESI auction for an industrial land parcel in Challakere, Chitradurga, Karnataka. The auction will take place on November 21, 2025, between 11:00 AM and 12:00 PM. The reserve price for this asset is INR 1,67,32,064, with an Earnest Money Deposit (EMD) of INR 16,73,206. This auction is a prime opportunity to acquire industrial land through a transparent process.
Borrower Name:M/s Naveen Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:K M Naveen Kumar, K Maddanappa
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is an industrial land in a developing area, presenting a calculated opportunity for investors. The reserve price seems reasonable. Further due diligence is recommended to assess the industrial potential and local market conditions.
Contact Details
Branch:Branch Office : Retail Lending and Payment Group
Service Provider:bankeauctions.com / C1 India
Contact Details:
Suhail Dasankop
Contact no:8880999288
