Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609035
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH II CHENNAI
Reserve Price:₹1,68,00,000
EMD:₹16,80,000
Bid Increment:₹25,000
Auction Time:11:30 a.m. to 12:30 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-16
Bid Start Date:2025-11-17
Property Description
This is a SARFAESI auction property located in Arakkonam, Ranipet, Tamil Nadu. The property comprises factory land and buildings, previously owned by M/s. Kohinoor Leather. It is a prime industrial asset offering significant potential for manufacturing or warehousing operations.
State:Tamil Nadu
City:Ranipet
Area:Arakkonam
Asset Category:Industrials
Full Address:104-A, SIPCOT Industrial Complex, Plot No. 104-A in the SIPCOT Industrial Complex at Ranipet Phase II within the Village limits of Narasingapuram, Narasingapuram, Arakkonam
Building/Society:SIPCOT Industrial Complex
Size:0.75 Acres
Auction Description
Canara Bank presents a SARFAESI auction for industrial property in Arakkonam, Ranipet, Tamil Nadu. The auction features factory land and buildings with a reserve price of ₹1,68,00,000 and an EMD of ₹16,80,000. Bidding opens on November 17, 2025, at 11:30 AM and closes at 12:30 PM on the same day. This is a unique opportunity to acquire a substantial industrial asset.
Borrower Name:M/s. Kohinoor Leather
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mohammed Faisal Nezam, M/s. SAS Leathers Private Limited, Mr Faiz Nezam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its industrial location in Arakkonam. The reserve price requires careful evaluation against market conditions, and potential investors should consider the terms of the auction and inspect the property thoroughly before bidding.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH II CHENNAI
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
