Auction Information

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Owner Information

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Asset Information

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RESIDENTIAL SITE BEARING NO.95, AT SY.NO.94/1,2,3, SUJI MALLESHWARA NAGARA,
BELLARAY ROAD, CHALLAKERE.SITE MEASURING 12X13 METERS. THE SITE BOUNDED BY :
EAST : ROAD
WEST : SITE NO.94
NORTH : ROAD
SOUTH :96



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Standard Terms & Conditions:
 

   1.  Any individual / Registered Legal Entities / Companies may
      participate in the e-auction.
     

   2.  Properties are brought for sale on 'As is where is basis' with 
       Physical OR symbolic Possession.

   3.  The terms of sale are also published in vijayakarnataka and
    decen heralddh... dailies and can be persued by intending bidders.

   4.  The reserve prise for this asset is Rs925000...

      
   5.  Bidders should quote their prises for purchase of assets
      excluding all statutory liabilities and the assets. Statutory dues
      electricity arrears, local body taxes, KIADB dues etc., should
      born by the bidders. Bidders are advised to make their independent
      enquiry about such statutory dues.
      

   6.  The interested person/s may physically inspect the property on
       21/02/2012 between 11am.
       to 1pm.. or t he photos of the
       properties may be viewed in the website:
      

   7.  The persons who are interested in participating in e-auction have
      to registered with KSFC e-auction website as a bidder through internet.
      After registration he should forward scanned pass port size photo,
      signature, address proof (xerox copy of ration card/passport/voters card/
      driving licence/Bank passbook / pan card to the concern branch office.
      

   8.  After registration the bidders shall pay the EMD amount to
      participate in the bidding process by way of DD / Electronic
      payment. The bidders can also pay EMD amount in any KSFC Branch offices
      across the state. They can also send the money through NEFT / RTGS
      in current account No.0479201001215, IFS code CNRB0000479, Canara
      Bank, Chitradurga and inform the UTR No.................
      After receipt of EMD amount he will be allowed to participate in
      the bidding process by using the bid key code allotted by KSFC.
      The EMD amount will not carry any interest:
      

   9.  The e-auction will commence on 27/02/2012 at 11 AM and close on
      20/03/2012 At 11AM.
      

   10.  After the closure of e-auction, the successful bidder will
      intimate through e-mail to pay 25% of the bid amount (including
      EMD) before closing hours of the same working day and the sale is
      subject to the approval of the competent authority. In case the
      successful bidders fails to pay the initial amount within the
      stipulated time, EMD payed by him will be forfeited without
      further notice. In respect of un-successful bidder, the EMD will
      be refunded:


   11.  After receipt of the initial amount of 25% as above, the
      offer will be sent for approval of the competent authority.
      Only after obtaining the approval of the competent authority, the
      confirmation of sale will be communicated to the bidder. 
      If the sale is not confirm by the competent authority, the amount
      deposited will be refunded without interest.  No right accrues on mear
      submission of bid of 25% of the bid amount.  The balance 75% of the bid amount
      shall be payed within 15 days from the date of communication
      confirming the sale. In case, the bidder fails to pay the balance
      amount within the stipulated time the amount payed by him will be
      forfeited and sale will be cancelled.

      

  12. The successful bidder will have to bear stamp duty and
      registration charges etc., connected with transfer of property.

      

  13. The details of e-auction are available on the website of KSFC
      i.e., www.ksfc.in bidding process will be conducted on KSFC
      website www.ksfc.in

      

   14. Any disputes shall be subject to the jurisdiction of court at
      Chitradurga.

      

   15. A fee of Rs.50/- for bid shall be charged to the bidder as
      transaction charges per attempt. To Illustrate, if a bidder submits
      is initial bid a fee of Rs.50/- is charged. If the same bidder
      improves upon his bid among and submits yet another bid, the same
      shall be charged Rs.50/- once again and likewise. At the end of
      auction, the number of times a bidder as submitted his bids is
      determined and the amount will be recovered out of the EMD.

      

   16.  KSFC shall not be held responsible if a bidder is not able to bid
        successfully due to technical reasons like bad internet connectivity
        defective computers, lack of sufficient knowledge in carryng out
        bidding.

   17.  The bidders may make  use of the computers of KSFC Branch offices/HO
        for bidding only if the computers are available for use. However, they
        have to sign an undertaking available at Branch Office.   

   18.KSFC reserves the right to cause any modification of any terms
      and conditions, cancel / postpone the e-auction and accept or
      reject any bid without assigning any reasons thereoff.

 

 


 



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Auctioner Information

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Statutory Information

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Auction & Bid Information

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RESIDENTIAL SITE BEARING NO.95, AT SY.NO.94/1,2,3, SUJI MALLESHWARA NAGARA,
BELLARAY ROAD, CHALLAKERE.SITE MEASURING 12X13 METERS. THE SITE BOUNDED BY :
EAST : ROAD
WEST : SITE NO.94
NORTH : ROAD
SOUTH :96

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Please Note :
a. If a Bid is received 1 min before the Closing Time,the
System will automatically extend the Closing Time by 3 mins.
b. If a Bid is received 1 min before the Extended Closing Time,
the System will automatically extend the Closing Time by
another 3 mins.
c. The Extension of time will go on till no Bids are
received during the last 1 minute of latest Extended Time.

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