Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610369
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹5,80,00,000
EMD:₹58,00,000
Bid Increment:₹1,00,000
Auction Time:10.20 AM to 10.35 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a bank auction of a residential plot located in Ballari, Karnataka. The property is being auctioned by Karnataka Bank under SARFAESI laws. The plot is situated in the Ballari area, offering a prime location for development or investment. Exact dimensions and site plan details are available upon request. This is a significant opportunity to acquire a plot in a developing region.
State:Karnataka
City:Ballari
Area:Ballari,
Asset Category:Residential
Full Address:Survey No. 1026 A part, situated at Ballari Kasaba Hobli, Ballari Tq & District, Ballari Kasaba Hobli, Ballari
Size:4.98 Acres
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Ballari, Karnataka. The auction will take place on December 10, 2025, with bidding open from 10:20 AM to 10:35 AM. The reserve price for this plot is INR 5,80,00,000, and the Earnest Money Deposit (EMD) required is INR 58,00,000. The auction is held under the SARFAESI Act, 2002, concerning the asset of M/s Varsha Agri Business Center for Development Ltd. Interested parties are advised to review all auction terms and conditions before participating.
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 industrial plot in Ballari presents a calculated opportunity given its size and location, although the reserve price is relatively high. Ballari's industrial potential supports a 'Calculated Opportunity' rating, acknowledging moderate risk balanced against the potential for future appreciation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
