Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611192
Bank Name:Canara Bank
Branch Name:TRICHY ARM BRANCH
Reserve Price:₹38,00,000
EMD:₹3,80,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This auction features a prime residential property in Erode, Tamil Nadu, comprising both land and a building. Located in the Erode area, this asset is offered by Canara Bank under the SARFAESI Act. It presents a significant opportunity for buyers seeking property in this region. The property is ideal for residential purposes and represents a valuable investment in a developing locality.
State:Tamil Nadu
City:Erode
Area:Erode
Asset Category:Residential
Full Address:17, Brindhachari Street, TS No 536, Door no 17, Ward No 17, New Resurvey Ward C, Block No 32, T.S No 101, Brindhachari Street, Erode
Size:170 Square Feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Erode, Tamil Nadu. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price is set at ₹3,800,000, with an Earnest Money Deposit (EMD) of ₹380,000 required to participate. This is a unique chance to acquire a residential asset directly from the bank.
Borrower Name:M/s.GRN Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Mrs G Ramya
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building in Erode, presents a reasonable opportunity due to its location and size. The reserve price appears competitive, but potential investors should carefully evaluate the property's condition and market dynamics before bidding. A thorough due diligence is advisable given it is a bank auction.
Contact Details
Branch:Branch Office : TRICHY ARM BRANCH
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no:0431-2416067
