Narasapura Industrial Area Industrial Plot Auction: Industrial Plot (12 sq ft) – Reserve ₹47.62 Cr (8 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-360642
Property Description
Looking for a industrial plot below market price in Narasapura Industrial Area? The Narasapura Industrial Area industrial plot auction by Canara Bank is scheduled for 8 Oct 2026. On offer is a industrial plot in Narasapura Industrial Area, Kolar (PIN 563133), with 12 sq ft carpet area. The online auction runs on 8 October 2026 (1:00 PM to 3:00 PM) with a reserve price of ₹47,62,00,000.
The property is being sold under Others 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
Narasapura Industrial Area Industrial Plot Auction: Key Highlights
- Reserve price: ₹47,62,00,000 (₹47.62 Cr)
- EMD: ₹4,76,20,000
- Bid increment: ₹25,00,000
- Auction: 8 October 2026, 1:00 PM to 3:00 PM
- Last date for EMD: 7 October 2026, 11:59 PM
- Location: Narasapura Industrial Area, Kolar, Karnataka
- Possession: Symbolic
Narasapura Industrial Area Industrial Plot Auction – Complete Details
| Auction ID | 360642 |
| Bank property ID | CNRB226841057A |
| Bank | Canara Bank |
| Branch | Bengaluru Specialised Arm Branch-Ii |
| Property type | Industrial – Industrial Plot |
| Carpet area | 12 sq ft |
| Locality | Appasandra Village |
| City / District | Narasapura Industrial Area, Kolar |
| State | Karnataka |
| PIN code | 563133 |
| Type of possession | Symbolic |
| Type of action | Others |
| Reserve price | ₹47,62,00,000 |
| EMD | ₹4,76,20,000 |
| Bid increment | ₹25,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Narasapura Industrial Area
Narasapura Industrial Area is in Kolar district of Karnataka, under PIN code 563133. Karnataka is anchored by Bengaluru’s technology economy, while Mysuru, Mangaluru, Hubballi-Dharwad and Belagavi offer more affordable property options. The handling branch is Bengaluru Specialised Arm Branch-Ii, which is usually the best contact for site visits and local queries.
Is the Narasapura Industrial Area Industrial Plot Auction Worth It?
At the reserve price, the property works out to about ₹3,96,83,333 per sq ft of carpet area – compare this with recent resale rates in Narasapura Industrial Area before you bid. The EMD of ₹4,76,20,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Narasapura Industrial Area Industrial Plot Auction
- Inspection window: 15 September 2026, 4:00 PM to 15 September 2026, 5:00 PM
- EMD submission opens: 15 September 2026
- Last date for EMD: 7 October 2026, 11:59 PM
- E-auction: 8 October 2026, 1:00 PM to 3:00 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 360642 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9464534482.
- Pay the EMD of ₹4,76,20,000 through the BAANKNET wallet before 7 October 2026, 11:59 PM.
- Log in on 8 October 2026 and bid above the reserve in steps of ₹25,00,000; 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
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Narasapura Industrial Area Industrial Plot Auction: FAQs
What is the reserve price in the Narasapura Industrial Area industrial plot auction?
The reserve price is ₹47,62,00,000. Bids below the reserve price are not accepted.
When is the Narasapura Industrial Area industrial plot auction scheduled?
The e-auction is on 8 October 2026 from 1:00 PM to 3:00 PM. The last date for EMD is 7 October 2026, 11:59 PM.
How much EMD is required?
The earnest money deposit is ₹4,76,20,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Narasapura Industrial Area, Kolar, Karnataka – 563133.
Where can I see the official sale notice?
Search Auction ID 360642 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 plot auctions
- Bank auctions in Karnataka
- Guide: reserve price bidding strategy
Source: Auction ID 360642 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 Land |
|---|---|
| Land Area | 12 sq ft |
| Location | Narasapura Industrial Area, Kolar, Kolar, Karnataka |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 15 Sep 2026Auction Notice Published
- 15 Sep 2026Inspection Starts
- 15 Sep 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 8 Oct 2026, 1:00 PM to 3:00 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.