Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613007
Bank Name:Bank of India
Branch Name:Benguluru
Reserve Price:₹1,27,17,000
EMD:₹12,71,700
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This auction features a significant offering of Plant & Machinery located in Belur, Dharwad, Karnataka. These assets, belonging to M/s. Kustom Machine, are categorized as scrap and plant/machinery, presenting an opportunity for industrial salvage or component acquisition. The property is situated in a key industrial area of Dharwad.
State:Karnataka
City:Dharwad
Area:Belur.
Asset Category:Scrap, Plant & Machinery
Full Address:480A and 4801B, Plot no 480A and 4801B, R.S. No- 340, Belur village, Belur Industrial Area, Dharwad District, Belur Industrial Area, Dharwad
Auction Description
Bank of India presents a SARFAESI auction for Plant & Machinery in Belur, Dharwad, Karnataka. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is set at ₹1,27,17,000 with an Earnest Money Deposit (EMD) of ₹12,71,700. This is a prime opportunity to acquire industrial assets.
Borrower Name:M/s. Kustom Machine
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Prahlad Raghavendra Havanur, Mr. Raghavendra P Havanur
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial plant and machinery located in Belur, Dharwad. The reserve price seems reasonable, but a thorough evaluation of the machinery's condition and market demand is crucial. This represents a calculated risk investment opportunity.
Contact Details
Branch:Branch Office : Benguluru
Service Provider:BAANKNET
Contact Details:
Chief Manager & Authorized Officer
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