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Industrial in Basaveshwara Nagar, Kollegala

Basaveshwara Nagar, Kollegala, Kollegal

Reserve price
₹6.80 Cr
Auction date
10 Feb 2026
11:00 AM
EMD deadline
09 Dec 2025
4:59 PM
Bid increment
₹5,00,000.00

Auction timeline

Auction starts
10 Feb 2026 at 11:00 AM
Auction ends
10 Feb 2026 at 5:00 PM
EMD submission deadline
09 Dec 2025 at 4:59 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Industrial
Sub Type
Others
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹6.80 Cr
Property Identifiers
Bank Property ID
BKID844470410000014
CERSAI ID
400038667352
Collateral ID
196966909

Location details

Property Address
Property No.1: (Owned by Mr. A R Vijendra Kumar and Mr. A V Sandeep Kumar) property ID No.41-17-44, Building known as “Vijaya Lakshmi” bearing municipal Assesment No. 2030 Survey No 727 New ward No 18, Old Ward No 7, 9th Cross, Basaveshwara Nagar, Kollegal, Chamarajanagar Dist Property No.2: ( Owned by Mr.A V Sandeep Kumar) Property no 41-17-44/A, bearing Assessment no 2030/1 New ward No 18, old Ward No 7, 9th Cross ,Basaveshwara Nagar, Kollegala, Chamarajanagar Dist. Plant and Machinery: All Plant and Machinery used in Rice mil for Manufacturing of Rice from Paddy at CMC assessment No.2030, Ward No 18, PID no 41-17-44, Basaveshwara Nagara, Kollegala town, Chamarajanagara Dist
Locality: Basaveshwara Nagar, Kollegala
City: Kollegal
District: Chamarajanagar
State: Karnataka
Pin Code: 571440
Country: India
Nearest Airport / Railway Station / Bus Stand
Chamrajnagar railway station

Price history

2 previous auctions
₹6.8Cr9 Dec₹6.8CrNow
₹6,80,00,000.00
9 Jan 2026
Industrial
Bank of IndiaPossession: Symbolic
₹6,80,00,000.00
9 Dec 2025
Industrial
Bank of IndiaPossession: Symbolic

Borrower & Loan details

Borrower Name
SRI VIJAYALAKSHMI RICE MILL
Registered Address of Borrower
NO 7/177 D2 BASTIPURA ROAD SOUTHERN EXTENSION KOLLEGALA KARNATAKA 571440
Owner
Mr. A R Vijendra Kumar and Mr. A V Sandeep Kumar
Ownership of Property
Borrower
Co-Borrower(s)
A V SANDEEP KUMAR,VIJAYENDRA KUMAR A R
NPA Amount
₹7.72 Cr
NPA Date
27 Nov 2023
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
196966909
Customer ID
196966909
Demand Notice
Notice Date
04 Dec 2023
Notice Amount
₹7.72 Cr
Asset Classification
Classification Date
27 Nov 2023
Classification ID
2
Possession Dates
Symbolic
05 Feb 2024

Additional details

Property USP
land and building admeasuring 48,375 sq.ft and vacant land admeasuring 3300 sq.ft located in heart of kollegala town. Aforementioned Land is suitable for residential projects as well.
Description
Property includes Land admeasuring 48,375 sq.ft and vacant land admeasuring 3300 sq.ft

EMD Schedule

EMD Start
13 Jan 2026
11:41 AM
EMD Deadline
10 Feb 2026
4:59 PM
Payment Deadline
09 Dec 2025

Inspection Schedule

Inspection Start
13 Jan 2026
12:00 PM
Inspection End
09 Feb 2026
4:00 PM

Officer Details

Authorized Officer
SEEMA KUMARI
Authorised Officer - Scale - IV - CM
Dealing Officer
Amit Kumar

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹5,00,000.00
Extension Increment
₹5,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Collateral ID
196966909
CERSAI ID
400038667352
Property ID
BKID844470410000014

Nearby Amenities

Nearest Station
Chamrajnagar railway station
Bank of India
Verified seller
Branch: BENGALURU ASSET RECOVERY-8499
IFSC: BKID

Bank contact

+91 80229 59407+91 98504 77529
Branch Address
No. 11, Bank Of India Bldg., Kempegowda Road,
Branch IFSC
BKID0008499
Department
BENGALURU ASSET RECOVERY-8499