Property for Auction in Magudanchavadi, Salem, Tamil Nadu
Auction ID:579161
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE : SALEM
Reserve Price:₹80,00,000
EMD:₹8,00,000
Service Provider:BAANKNET
Submission Date:29-09-2025 05:00 PM
Bid Start Date:30-09-2025 11:30 AM
This is a bank auction property located in Magudanchavadi, Salem, Tamil Nadu. The asset category is Residential, comprising Land And Building. The property is being auctioned by Canara Bank under SARFAESI rules. The borrower is M/S. CUBE F TRADERS LOANS. This presents an opportunity to acquire a property in a key area of Salem.
State:Tamil Nadu
City:Salem
Area:Magudanchavadi
Asset Category:Residential
Canara Bank is holding a SARFAESI auction for a Residential property (Land And Building) in Magudanchavadi, Salem, Tamil Nadu. The auction will commence on September 30, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price is INR 8,000,000.00, with an Earnest Money Deposit (EMD) of INR 800,000.00 required to participate. This auction is for the property associated with the loan of M/S. CUBE F TRADERS LOANS.
Borrower Name:M/S. CUBE F TRADERS LOANS
Auction Type:SARFAESI Auction
M No ; 9489043428