Belur Industrial Area Industrial Shed Auction: Industrial Shed – Reserve ₹61.75 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-364303
Property Description
Canara Bank has put a industrial shed up for sale through the Belur Industrial Area industrial shed auction, open to all registered bidders on BAANKNET. On offer is a industrial shed in Belur Industrial Area, Dharwad (PIN 580011). The online auction runs on 9 October 2026 (11:30 AM to 12:30 PM) with a reserve price of ₹61,75,000.
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.
Table of Contents
Table of Contents
Belur Industrial Area Industrial Shed Auction: Key Highlights
- Reserve price: ₹61,75,000 (₹61.75 Lakh)
- EMD: ₹6,17,500
- Bid increment: ₹50,000
- Auction: 9 October 2026, 11:30 AM to 12:30 PM
- Last date for EMD: 8 October 2026, 4:00 PM
- Location: Belur Industrial Area, Dharwad, Karnataka
- Possession: Physical
Belur Industrial Area Industrial Shed Auction – Complete Details
| Auction ID | 364303 |
| Bank property ID | CNRB30584848201 |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch, Hubballi |
| Property type | Industrial – Industrial Shed |
| City / District | Belur Industrial Area, Dharwad |
| State | Karnataka |
| PIN code | 580011 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹61,75,000 |
| EMD | ₹6,17,500 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Belur Industrial Area
The property is located in Belur Industrial Area, Dharwad district, Karnataka (PIN 580011). Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Specialized Arm Branch, Hubballi, which is usually the best contact for site visits and local queries.
Is the Belur Industrial Area Industrial Shed Auction Worth It?
The EMD of ₹6,17,500 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Belur Industrial Area Industrial Shed Auction
- Inspection window: 7 October 2026, 10:00 AM to 7 October 2026, 4:00 PM
- EMD submission opens: 23 September 2026
- Last date for EMD: 8 October 2026, 4:00 PM
- E-auction: 9 October 2026, 11:30 AM to 12:30 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 364303 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9480696809.
- Pay the EMD of ₹6,17,500 through the BAANKNET wallet before 8 October 2026, 4:00 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 5 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
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Belur Industrial Area Industrial Shed Auction: FAQs
What is the reserve price in the Belur Industrial Area industrial shed auction?
The reserve price is ₹61,75,000. Bids below the reserve price are not accepted.
When is the Belur Industrial Area industrial shed auction scheduled?
The e-auction is on 9 October 2026 from 11:30 AM to 12:30 PM. The last date for EMD is 8 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹6,17,500. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Belur Industrial Area, Dharwad, Karnataka – 580011.
Where can I see the official sale notice?
Search Auction ID 364303 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Karnataka Auctions
- All Canara Bank auction listings
- More industrial shed auctions
- Bank auctions in Karnataka
- Guide: finance options for commercial auctions
Source: Auction ID 364303 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Industrial Sheds |
|---|---|
| Location | Belur Industrial Area, Dharwad, Hubballi, Karnataka |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 23 Sep 2026Auction Notice Published
- 7 Oct 2026Inspection Starts
- 7 Oct 2026Inspection Ends
- 8 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:30 AM to 12:30 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.