Karimnagar Factory Auction: Industrial Plot with Factory Building (30,528.14 sq ft) – Reserve ₹2.54 Cr (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362059
Property Description
Indian Bank has put a factory up for sale through the Karimnagar factory auction, open to all registered bidders on BAANKNET. On offer is a industrial plot with factory building in Karimnagar (PIN 505001), with 30,528.14 sq ft carpet area. The online auction runs on 6 October 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹2,54,00,000.
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
Karimnagar Factory Auction: Key Highlights
- Reserve price: ₹2,54,00,000 (₹2.54 Cr)
- EMD: ₹25,40,000
- Bid increment: ₹30,000
- Auction: 6 October 2026, 10:00 AM to 4:00 PM
- Last date for EMD: 5 October 2026, 5:00 PM
- Location: Karimnagar, Telangana
- Possession: Symbolic
Karimnagar Factory Auction – Complete Details
| Auction ID | 362059 |
| Bank property ID | IDIB071335972100 |
| Bank | Indian Bank |
| Branch | Karim Nagar |
| Property type | Industrial – Industrial Plot with Factory Building |
| Carpet area | 30,528.14 sq ft |
| City / District | Karimnagar |
| State | Telangana |
| PIN code | 505001 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,54,00,000 |
| EMD | ₹25,40,000 |
| Bid increment | ₹30,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Karimnagar
This listing falls in Karimnagar, Telangana, postal code 505001. Telangana’s market revolves around Hyderabad’s IT and pharma corridors, with Warangal, Karimnagar and Nizamabad emerging as secondary hubs. The handling branch is Karim Nagar, which is usually the best contact for site visits and local queries.
Is the Karimnagar Factory Auction Worth It?
At the reserve price, the property works out to about ₹832 per sq ft of carpet area – compare this with recent resale rates in Karimnagar before you bid. The EMD of ₹25,40,000 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 Karimnagar Factory Auction
- Inspection window: 20 September 2026, 10:00 AM to 4 October 2026, 5:00 PM
- EMD submission opens: 17 September 2026
- Last date for EMD: 5 October 2026, 5:00 PM
- E-auction: 6 October 2026, 10:00 AM to 4:00 PM
- Auto-extension: 10 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 362059 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9533109533.
- Pay the EMD of ₹25,40,000 through the BAANKNET wallet before 5 October 2026, 5:00 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹30,000; 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
- 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.
Karimnagar Factory Auction: FAQs
What is the reserve price in the Karimnagar factory auction?
The reserve price is ₹2,54,00,000. Bids below the reserve price are not accepted.
When is the Karimnagar factory auction scheduled?
The e-auction is on 6 October 2026 from 10:00 AM to 4:00 PM. The last date for EMD is 5 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹25,40,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Karimnagar, Telangana – 505001.
Where can I see the official sale notice?
Search Auction ID 362059 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Telangana Auctions
- All Indian Bank auction listings
- More factory auctions
- Bank auctions in Telangana
- Guide: finance options for commercial auctions
Source: Auction ID 362059 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian 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 Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Factories |
|---|---|
| Land Area | 30528.14 sq ft |
| Location | Karimnagar, Karimnagar, Telangana |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 17 Sep 2026Auction Notice Published
- 20 Sep 2026Inspection Starts
- 4 Oct 2026Inspection Ends
- 5 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 10:00 AM to 4:00 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.