Machinery for auction Bengaluru 1 Cr Canara Bank

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

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.

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.