Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:614136
Bank Name:IKF home finance limited
Branch Name:hyderabad
Reserve Price:₹7,20,000
EMD:₹72,000
Bid Increment:₹10,000
Auction Time:02:00 PM to 04:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a prime Non-Agricultural Land located in Hubballi, Karnataka, offered by IKF Home Finance Limited. Situated in the Hubballi area, this residential asset presents a fantastic opportunity for development or investment. The property is being auctioned under the SARFAESI Act. Don't miss this chance to acquire a valuable piece of land in a growing region.
State:Karnataka
City:Hubballi
Area:Hubballi
Asset Category:Residential
Full Address:N/A, #969. Ambedkar Nagar Kusugal, Kusugal Dharwad, Near By Urdu School Dharwad. Karnataka, India 580023, Kusugal Village, Hubballi
Size:406.85 Sq.Mtrs.
Auction Description
IKF Home Finance Limited is conducting a SARFAESI auction for a Non-Agricultural Land in Hubballi, Karnataka. The auction will take place on 21-11-2025, starting at 02:00 PM and concluding at 04:00 PM. The reserve price is set at ₹7,20,000, with an Earnest Money Deposit (EMD) of ₹72,000. This is a direct auction from the borrower, Mr. Muttappa Somakkanavar, offering a straightforward transaction for interested buyers.
Borrower Name:Mr. Muttappa Somakkanavar
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shekappa Sahadevapp Somakkanavar, Mr. Bheemavva Sahadevappa Somakkanavar
Legal Details
Possession Status:Symbolic
Encumbrance Details:No encumbrances
Why This Property
The property is a land plot in Kusugal Village, Hubballi, offered at a reasonable reserve price. While the location is not a prime metropolitan area, the price and potential for future development make it a calculated investment opportunity. Auction terms are standard.
Contact Details
Branch:Branch Office : hyderabad
Service Provider:bankauctions.in
Contact Details:
Mr Naveen (RCM)
Contact no:9513365065
