Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610371
Bank Name:Karnataka Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,02,50,000
EMD:₹20,25,000
Auction Time:11.00 AM to 11.05 AM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a residential plot located in Molakalmuru, Chitradurga, Karnataka. The property is being auctioned by Karnataka Bank under the SARFAESI Act. It presents a unique opportunity for investors or individuals seeking land in this developing region. The plot is identified as an asset of M/s Varsha Agri Business Center for Development Ltd.
State:Karnataka
City:Chitradurga
Area:Molakalmuru
Asset Category:Residential
Full Address:Property No.151000600100120547, B.G Kere, Kasaba Hobli Molakalmuru Taluk, Chitradurga District, Molakalmuru, Chitradurga
Size:1,19,739 Sq.ft.
Auction Description
Karnataka Bank is conducting a SARFAESI auction for a valuable residential plot in Molakalmuru, Chitradurga, Karnataka. The auction will take place on December 10, 2025, with a very short bidding window from 11:00 AM to 11:05 AM. The reserve price for this plot is INR 2,02,50,000, and the Earnest Money Deposit (EMD) required is INR 20,25,000. This is a timed auction, so interested bidders must be prepared to act quickly.
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 large commercial plot in a developing area, presenting a calculated investment opportunity. The reserve price seems reasonable given the size, but due diligence regarding the location's commercial viability is essential. The terms of the auction are standard.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:Auctionbazaar
Contact Details:
Chief Manager & Authorised Officer
Contact no: —
