Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609515
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹43,24,000
EMD:₹4,32,400
Bid Increment:₹50,000
Auction Time:11:30 am to 1.30 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-16
Bid Start Date:2025-11-17
Property Description
This is a commercial shop located in Kalaburagi, Kalaburagi, Karnataka. The property is being auctioned by Canara Bank as part of a SARFAESI action against the borrower M/s Harnoor Hospitality. It is an excellent opportunity to acquire a commercial asset in a developed area.
State:Karnataka
City:Kalaburagi
Area:Kalaburagi
Asset Category:Commercial
Full Address:CMC No. 6-757/1A/FF-1 & 6-757/1A/FF-2, CMC No. 6-757/1A/FF-1 & 6-757/1A/FF-2, CTS No. 2388/5(H-3 Chalta No. 342, Sheet No. 42, Block No. -II, Mominpura, Near Putan Galli Laxmi Talkies Road, Mominpura, Kalaburagi
Size:407.00 Sq. Feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a commercial shop in Kalaburagi, Karnataka. The auction will take place on November 17, 2025, from 11:30 AM to 01:30 PM. The reserve price for this auction is INR 43,24,000, with an Earnest Money Deposit (EMD) of INR 4,32,400. This is a prime opportunity for investors and business owners.
Borrower Name:M/s Harnoor Hospitality
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Harvinder Singh Bhatia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent commercial space in a moderately busy area of Kalaburagi. The reserve price seems reasonable, but potential investors should conduct thorough due diligence on the locality and encumbrances. This investment is a 'Calculated Opportunity,' requiring careful consideration of market conditions and property specifics before bidding.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:916366975034
