Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611143
Bank Name:Canara Bank
Branch Name:SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Reserve Price:₹37,55,000
EMD:₹3,75,000
Auction Time:11:30 am to 12:30 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This auction features a prime piece of industrial land located in Karatagi, Koppal, Karnataka. Situated in a developing industrial area, this plot offers significant potential for commercial and industrial ventures. Its strategic location provides good connectivity and accessibility, making it an attractive investment for businesses looking to expand or establish a presence in the region. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Karnataka
City:Koppal
Area:Karatagi,
Asset Category:Industrials
Full Address:Sy. No: 308/5, Municipal No: 8-7-78/1, Karatagi Town, Ward No: 20 (old: 15), Karatagi, Koppal
Size:5950 sft
Auction Description
Canara Bank presents an SARFAESI auction for industrial land in Karatagi, Koppal, Karnataka. The auction is scheduled for November 21, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this valuable asset is ₹37,55,000, with an Earnest Money Deposit (EMD) of ₹3,75,000 required to participate. This is a unique opportunity to acquire industrial land with potential for growth, offered by Canara Bank as part of its asset recovery process.
Borrower Name:M/s Sri Adhishakthi Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Sri Umesha S/o Sri Hire Bhimanna, M/s Sri Lakshmi Textiles, Sri CH Subba Rao S/o Sri Venkateswarlu, Smt. CH Laxmirajyam W/o Sri CH Subba Rao, Sri K Ravi Kumar S/o Late Sri K Viswanath, Smt. K Padmavathi W/o Sri K Ravi Kumar, Sri N Deviprasad S/o Sri N Sathyanarayana, Smt. Bhuvaneswari Nayak W/o Sri Shivareddy Nayak, Sri Shiva Kumar S/o Sanna Bhimmanna, Sri Sharanappa S/o Lachamappa, Pooja D/o Sri Shiva Reddy Nayak, Sri Shiva Reddy Nayak S/o Bhagavanthappa Nayak
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential site in Karatagi, Koppal, presenting a moderate investment opportunity. While the location might not be prime, the size and reserve price are reasonable. Careful consideration of local market conditions is advised.
Contact Details
Branch:Branch Office : SPECIALISED ASSET RECOVERY MANAGEMENT BRANCH,
Service Provider:BAANKNET
Contact Details:
Contact no:9603917899
