Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609529
Bank Name:Jana Small Finance Bank
Branch Name:Registered Office : Bangalore
Reserve Price:₹77,96,250
EMD:₹7,79,625
Auction Time:03:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
This auction features a prime Land And Building property located in Dadagapatti, Salem, Tamil Nadu. Classified under the Residential asset category, this property presents a unique opportunity for investors or homeowners in a well-established area. The property is being auctioned by Jana Small Finance Bank.
State:Tamil Nadu
City:Salem
Area:Dadagapatti
Asset Category:Residential
Full Address:127/1, Old T.S.No.112/3, After Sub Division T.S.No. 112/33C, Ward-I Block-15 After Sub Division New T.S.No.50, Ward-Z, Block-38, Door No. 127/1, Dadagapatti, Salem
Size:3000 Sq.ft
Auction Description
Jana Small Finance Bank is conducting a SARFAESI Auction for a Land And Building property in Dadagapatti, Salem. The auction will commence on December 4, 2025, at 3:00 PM and conclude at 4:00 PM on the same day. The reserve price is set at ₹77,96,250, with an Earnest Money Deposit (EMD) of ₹7,79,625 required to participate. This is a timed online auction event.
Borrower Name:M/s. Sree Pavithra Industries
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shanmuga Sundaram, Mr. N Venugopal, Mrs. Jeevarathinam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Dadagapatti, Salem, offered at a reasonable reserve price. While not a prime location, the decent size and clear auction terms make it a calculated opportunity for local investors familiar with the area. Further due diligence is advised.
Contact Details
Branch:Branch Office : Registered Office : Bangalore
Service Provider:bankauctions.in
Contact Details:
Mr. Ranjan Naik
Contact no:6362951653
