Machinary for auction M G Road Bengaluru 91 lakh Canara Bank

This auction features a diverse lot of scrap, plant, and machinery located in the prime M G Road area of Bengaluru, Karnataka. The assets are being offered by Canara Bank under the SARFAESI Act. This presents a unique opportunity for scrap dealers, manufacturers, or investors looking to acquire industrial equipment and materials at competitive prices. The specific nature and condition of the machinery will be detailed in the full auction catalog.

Canara Bank is conducting an online SARFAESI auction for scrap, plant, and machinery on 24-11-2025. The bidding window opens at 11:00 AM and closes promptly at 11:30 AM on the same day. The reserve price for this auction is ₹91,17,000, with an Earnest Money Deposit (EMD) of ₹9,20,000 required to participate. This is a prime opportunity to acquire industrial assets in Bengaluru, Karnataka.

The tipper truck offers a specific industrial application, reflected in the calculated opportunity rating. Its location in Bengaluru adds to its value, but the niche nature of the asset requires careful consideration. The reserve price should be assessed against market demand for similar vehicles.