4,046.85 sq feet Factory for Auction in Rural, Bail Hongal, Belagavi – Union Bank

Property Details

Property type

Factory (Industrial)

Possession

Symbolic Possession

Area

4,046.85 sq feet (≈ 4,046 sq ft)

Reserve price / sq ft

₹1,446

Locality

Rural, Bail Hongal

City

Belagavi

State

Karnataka

Pincode

591102

Address

Rural, Bail Hongal, Karnataka, 591102 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

ARB MANGALORE-590011

Auction type

SARFAESI Auction

Borrower

Metro R** B*****

Auction start

13 Oct 2026, 12:00 PM

Auction end

13 Oct 2026, 05:00 PM

EMD submission deadline

13 Oct 2026, 04:58 PM

Inspection

—

Authorised officer

Anil Kumar Prabhu R

Officer contact

9747664177

E-auction portal

BAANKNET (Property ID UBINMLRMAB9209)

Price Check

This listing's reserve price works out to ₹1,446 per sq ft. The average across industrial bank auctions in Belagavi on our site is ₹1,136 per sq ft, so this one is 27% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID UBINMLRMAB9209)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 13 Oct 2026, 04:58 PM. It is refunded if you don't win.
5. Bid online on 13 Oct 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.