Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610370
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,10,70,000
EMD:₹11,07,000
Bid Increment:₹1,00,000
Auction Time:10.40 AM to 10.55 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a bank auction property located in Ballari, Karnataka. The property is a residential plot of land, offered by Karnataka Bank under the SARFAESI Act. It is situated in the Ballari area of the city. The borrower is M/s Varsha Agri Business Center for Development Ltd.
State:Karnataka
City:Ballari
Area:Ballari,
Asset Category:Residential
Full Address:Sy. No. 1026 A part, Ballari Kasaba Hobli, Ballari
Size:1.00 Acre
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Ballari, Karnataka. The auction has a reserve price of ₹1,10,70,000 and requires an Earnest Money Deposit (EMD) of ₹11,07,000. The auction will be held online on December 10, 2025, starting at 10:20 AM and concluding at 10:35 AM.
Borrower Name:M/s Varsha Agri Business Center for Development Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Raju S V S/o S C Veerabhadrappa, Mr.Marchad Channa Mallikarjuna Goud S/o Basava Goud Marchad, Ms.Pallavi Raju W/o S.V Raju, Mrs.Aruna S V W/o Manjunath, Mr.Kiran S C S/o Chandrashekar S C, Mr.Veerabhadrappa S C, Mr.Marchad Rajashekar Goud S/o M S Basavana Goud, Mr.Shankarappa S/o Ramappa, Mrs.Marchad Narasamma W/o M S Basavana Goud, Mr.Manjunath M V S/o Veeranna M, M/s Sandeep Minerals Pvt. Ltd.
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial plot in Ballari, offered at a reasonable reserve price. However, potential investors should carefully assess the industrial demand in the area and conduct thorough due diligence. The location and size suggest a decent investment opportunity with calculated risk.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
