Property Type:
Location:
Auction Date:Auction Details
Auction ID:592718
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹20,52,00,000
EMD:₹2,05,20,000
Service Provider:BAANKNET
Important Dates
Submission Date:28-10-2025 05:00 PM
Bid Start Date:29-10-2025 11:00 AM
Property Description
Prime industrial land and building located in Manmangalam Taluk, Karur, Tamil Nadu. This asset, previously owned by M/s. Kangaroo Hometex India Private Limited, offers significant potential for industrial development or expansion. Situated in a key economic region, the property comprises both land and existing structures, providing a ready base for various manufacturing or warehousing operations. Its strategic location in Karur ensures accessibility and logistical advantages.
State:Tamil Nadu
City:Karur
Area:ManmangalamTaluk
Asset Category:Industrials
Auction Description
State Bank of India presents a SARFAESI auction for a valuable industrial land and building. The auction is scheduled for October 29, 2025, with bidding open from 11:00 AM to 04:00 PM. The reserve price is set at ₹20,52,00,000, and the Earnest Money Deposit (EMD) required is ₹2,05,20,000. This is a unique opportunity to acquire a substantial industrial asset in Tamil Nadu. Interested bidders are advised to review all auction terms and conditions provided by the State Bank of India.
Borrower Name:M/s. Kangaroo Hometex India Private Limited
Auction Type:SARFAESI Auction
Contact Details
Authorised Officer's Details: Name: Shri. R. Rupalingappa Mobile No: 94456 10618
