Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612341
Bank Name:Bank of Baroda
Branch Name:Zonal Stressed Asset Recovery Branch
Reserve Price:₹3,54,00,000
EMD:₹35,40,000
Bid Increment:₹1,00,000
Auction Time:02:00 p.m. to 6.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:11-12-2025 05:00 PM
Bid Start Date:2025-12-12
Property Description
This auction features a significant industrial property located in Arakkonam, Ranipet, Tamil Nadu. The asset includes factory land and a building, making it ideal for manufacturing or warehousing operations. Situated in a developing industrial hub, this property offers excellent potential for growth and expansion. Its strategic location provides good connectivity to major transportation networks, facilitating logistics and supply chain management.
State:Tamil Nadu
City:Ranipet
Area:Arakkonam
Asset Category:Industrials
Full Address:SIDCO Industries Ltd, Survey No. 64(P), 66(P) and 83(P) in KARAI Village and Survey No. 287 in VANAPADI Village, Industrial Plots in the name of SIDCO Industries Ltd and No 196 of Developed plots, Arakkonam, Ranipet
Building/Society:SIDCO Industries Ltd
Size:43750 Sq. ft
Auction Description
Bank of Baroda presents a SARFAESI auction for industrial assets in Arakkonam, Ranipet, Tamil Nadu. The auction includes factory land and buildings, with a reserve price of ₹3,54,00,000. The Earnest Money Deposit (EMD) is ₹35,40,000. This is a unique opportunity to acquire a substantial industrial unit. The auction will be conducted online on December 12, 2025, starting at 02:00 PM and concluding at 06:00 PM. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:M/s Pioneer Leder Tex Private limited
Auction Type:SARFAESI Auction
Guarantor Names:Ms.M.Thasneem Sameena, Mr.A.Ameenul Muthalit, Mr.Shafi Ahamed, Mrs.Regina Begum, Mr.A.Mohamed Nazar, Mrs.Sharmila Begum, Mr. Abdul Careem Abdul Muthalit, Mr.Harris Ahamed Mohammed Farook, Mrs.Majitha Begum Mohamed Farook, Mrs.Shabana Yasmin, Mrs.Bareera Begum
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in an industrial area and physical possession offer potential for immediate use. However, the price and existing liabilities should be carefully evaluated. This represents a calculated opportunity for investors familiar with the region.
Contact Details
Branch:Branch Office : Zonal Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-23454384
