Machinary for auction Bengaluru 3 Cr Canara Bank

This auction features a valuable lot of scrap, plant, and machinery located in the prime area of M G Road, Bengaluru, Karnataka. The assets are being auctioned by Canara Bank under the SARFAESI Act. This is a unique opportunity to acquire industrial machinery, ideal for businesses looking to expand their operational capacity or source components. The items are categorized as scrap, offering potential for refurbishment or repurposing.

Canara Bank presents a SARFAESI auction for scrap, plant, and machinery on M G Road, Bengaluru. The auction will be held online on November 24, 2025, commencing at 11:00 AM and concluding at 11:30 AM. The reserve price is set at ₹2,79,77,000, with an Earnest Money Deposit (EMD) of ₹31,09,000 required to participate. This auction is a direct opportunity to bid on industrial assets directly from the bank.

The property is a specialized industrial asset (Excavators) in a metro location (Bengaluru). The price appears reasonable; however, due diligence is crucial to assess the machinery's condition and market demand. This is a calculated opportunity for those in the construction or related industries.