Machinery for auction Bengaluru 1 Cr Canara Bank

Property for Auction in M G Road, Bengaluru, Karnataka

Recommendation
Calculated OpportunityScore: 5.8
Possession
Symbolic
Reserve Price
1,09,98,000
Reserve Price
1,09,98,000
EMD Required
11,00,000
Property Specifications
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Machinary
Location IconLocation:
M G Road, Bengaluru
Auction Date IconAuction Date:
24-11-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 5.8

Auction ID:613265

Bank Name:Canara Bank

Branch Name:ARM Branch

Reserve Price:1,09,98,000

EMD:11,00,000

Bid Increment:1,000

Auction Time:11.00 AM to 11.30 AM

Service Provider:BAANKNET

Important Dates

Submission Date:2025-11-21

Bid Start Date:2025-11-24

Property Description

This auction features a valuable lot of Plant & Machinery categorized as scrap, located in the prime area of M G Road, Bengaluru, Karnataka. Offered by Canara Bank under SARFAESI Act, this is a unique opportunity for businesses seeking to acquire machinery assets. The property includes diverse items suitable for recycling or repurposing. **Key Details:** - **Asset Category:** Scrap, Plant & Machinery - **Property Type:** Machinary - **Location:** M G Road, Bengaluru, Karnataka - **Bank:** Canara Bank

State:Karnataka

City:Bengaluru

Area:M G Road

Asset Category:Scrap, Plant & Machinery

Full Address:M G Road, Bengaluru, Karnataka, Bengaluru

Auction Description

Canara Bank presents a SARFAESI auction for Plant & Machinery (Scrap). The auction will be held online on 24-11-2025, starting at 11:00 AM and concluding at 11:30 AM. The reserve price for this asset is ₹1,09,98,000.00, with an Earnest Money Deposit (EMD) of ₹11,00,000.00 required to participate. This is an excellent opportunity to acquire machinery assets from a prominent location in Bengaluru. Interested bidders are advised to review all auction terms and conditions on the bank's portal.

Borrower Name:M/s. Lakshminarayanaswamy M Sand

Auction Type:SARFAESI Auction

Guarantor Names:Mr. Lakshmanappa M R, Mrs. Parvathamma

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not to the knowledge of the Bank

Why This Property

The property, a tipper truck, offers a niche investment opportunity. Its location in Bengaluru adds to its potential, although the specialized nature requires a buyer with specific industry needs. The price appears reasonable given the asset type, meriting a Calculated Opportunity.

Contact Details

Branch:Branch Office : ARM Branch

Service Provider:BAANKNET

Contact Details:

Contact no:080-25310066

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