Balkundi Industrial Area Property Auction: Others – Reserve ₹3.5 Lakh (23 Oct 2026)

The Balkundi Industrial Area property auction listed by Canara Bank on the BAANKNET e-auction portal is one of the upcoming property opportunities in Karnataka. On offer is a others in Balkundi Industrial Area, Bagalkote (PIN 587125). The online auction runs on 23 October 2026 (12:00 PM to 2:00 PM) with a reserve price of ₹3,50,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Balkundi Industrial Area Property Auction: Key Highlights

• Reserve price: ₹3,50,000 (₹3.5 Lakh)
• EMD: ₹35,000
• Bid increment: ₹10,000
• Auction: 23 October 2026, 12:00 PM to 2:00 PM
• Last date for EMD: 22 October 2026, 5:00 PM
• Location: Balkundi Industrial Area, Bagalkote, Karnataka
• Possession: Symbolic

Balkundi Industrial Area Property Auction – Complete Details

Auction ID	366956
Bank property ID	CNRB238997455
Bank	Canara Bank
Branch	Ilkal
Property type	Other – Others
Locality	Ilkal
City / District	Balkundi Industrial Area, Bagalkote
State	Karnataka
PIN code	587125
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹3,50,000
EMD	₹35,000
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Balkundi Industrial Area

This listing falls in Balkundi Industrial Area, Bagalkote, Karnataka, postal code 587125. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Ilkal, which is usually the best contact for site visits and local queries.

Is the Balkundi Industrial Area Property Auction Worth It?

The EMD of ₹35,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Balkundi Industrial Area Property Auction

• Inspection window: 19 October 2026, 10:00 AM to 19 October 2026, 5:00 PM
• EMD submission opens: 30 September 2026
• Last date for EMD: 22 October 2026, 5:00 PM
• E-auction: 23 October 2026, 12:00 PM to 2:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366956 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9392408312.
4. Pay the EMD of ₹35,000 through the BAANKNET wallet before 22 October 2026, 5:00 PM.
5. Log in on 23 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title.
• Check pending property tax, electricity and water dues.
• Confirm the possession status and whether the property is occupied.
• Verify the approved plan and the condition of the building.
• Read our auction property due diligence checklist before you bid.

Balkundi Industrial Area Property Auction: FAQs

More Canara Bank and Karnataka Auctions

• All Canara Bank auction listings
• More property auctions
• Bank auctions in Karnataka
• Guide: reserve price bidding strategy

Source: Auction ID 366956 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.