Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610368
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹4,30,00,000
EMD:₹43,00,000
Bid Increment:₹1,00,000
Auction Time:10.00 AM to 10.15 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
A prime plot located in the heart of Chitradurga, Karnataka, offered by Karnataka Bank. This residential plot presents a valuable investment opportunity in a developing area. The property is being auctioned under SARFAESI proceedings. Ideal for developers or individuals looking to build their dream home or a commercial venture.
State:Karnataka
City:Chitradurga
Area:chitradurga
Asset Category:Residential
Full Address:5, KIADB, Plot No.5, KIADB Kelagote Industrial area, Kelagote Industrial area, Chitradurga
Building/Society:KIADB
Size:22940.0 Sq.ft
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a residential plot in Chitradurga, Karnataka. The auction will take place on December 10, 2025, with bidding open from 10:00 AM to 10:15 AM. The reserve price for this plot is ₹4,30,00,000, with an Earnest Money Deposit (EMD) of ₹43,00,000 required to participate. This is a unique chance to acquire a significant piece of real estate.
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 a plot in KIADB industrial area, Chitradurga, offering some potential. The reserve price is high, but the location could be valuable for the right business. Consider the auction terms and conduct due diligence before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
