Industrial Plot SARFAESI Auction Physical Possession

500 sq meter Industrial Plot for Auction in Borgaon Textile Park, Belagavi – IOB

Borgaon Textile Park, Belagavi, Karnataka · Auction ID #114052

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Industrial Plot for auction in Borgaon Textile Park, Belagavi – IOB – photo 1
Industrial Plot for auction in Borgaon Textile Park, Belagavi – IOB – photo 2
Industrial Plot for auction in Borgaon Textile Park, Belagavi – IOB – photo 3
Industrial Plot for auction in Borgaon Textile Park, Belagavi – IOB – photo 4
Industrial Plot for auction in Borgaon Textile Park, Belagavi – IOB – photo 5
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Reserve Price ₹81,81,505
EMD (Earnest Money)—
Bid Increment—
Auction Date 23 Nov 2026, 10:00 AM In 10 days
EMD Last Date 23 Nov 2026, 04:00 PM In 10 days
Area500 sq meter
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Property Details

Property type
Industrial Plot (Industrial)
Possession
Physical Possession
Area
500 sq meter (≈ 5,381 sq ft)
Reserve price / sq ft
₹1,520
Locality
Borgaon Textile Park
Pincode
591216
Address
Borgaon Textile Park, Karnataka, 591216 View on map

Description (as per sale notice)

Equitable mortgage followed by Regd. Memorandum of title deeds of industrial property situated at Plot No C-209, in the Borgaon Industrial estate comprised in Belgavi within the limits of Village Borgaon, Tq Chikodi Dist Belgaum. Measuring 25mtrs from N-S and 20Mts from E-W containing by measurement of 500 sq.mts , Registred vide lease cum-sale deed No SAD-1-04647-2017-18 CD No SADD147 dated 28.12.2017. Boundaries North- 1St main Road 18.00 m wide South- Plot no C-194 East- Plot No C-208 West-2nd Cross Road 15.00m wide The property standing in the name of M/S Shivani Enterprises (Proprietor-Mrs. Padmini Basavaraj Kurli)

BAANKNET Property ID: IOBA285001
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Bank & Auction Details

Branch
CHIKODI-2850
Auction type
SARFAESI Auction
Borrower
M/s S***** E*****
Auction start
23 Nov 2026, 10:00 AM
Auction end
23 Nov 2026, 04:00 PM
EMD submission deadline
23 Nov 2026, 04:00 PM
Inspection
06 Nov 2026, 10:43 AM – 22 Nov 2026, 05:00 PM
Authorised officer
Suhas T Lokhande
Officer contact
9113529342
E-auction portal
BAANKNET (Property ID IOBA285001)
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Price Check

This listing's reserve price works out to ₹1,520 per sq ft. The average across industrial bank auctions in Belagavi on our site is ₹1,136 per sq ft, so this one is 34% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Inspect the property on 6 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IOBA285001)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 23 Nov 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 23 Nov 2026 starting above the reserve price.
  6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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