Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611193
Bank Name:Canara Bank
Branch Name:TRICHY ARM BRANCH
Reserve Price:₹16,34,000
EMD:₹1,63,400
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
A valuable residential land and building located in Erode, Tamil Nadu. This asset, formerly associated with M/s.GRN Textiles, presents a promising opportunity in a well-established area. The property type is land and building, suitable for various residential purposes. Its location in Erode, a prominent city in Tamil Nadu, offers good connectivity and potential for growth. This is a direct SARFAESI auction, presenting a clear transaction process.
State:Tamil Nadu
City:Erode
Area:Erode
Asset Category:Residential
Full Address:Erode Town, 16th ward, vice chairman T.Veerabhadra Chettiar Road, previously Door No 33 TS no 261 New Door No 134, TS No 477/2 & 243/3 and now New Door No 497, New Resurvey ward C, New Block No 22, T S No 17, Vice Chairman T Veerabhadra Chettioar Road, Erode Town, Erode
Size:490 Sq feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Erode, Tamil Nadu. The auction is scheduled for November 20, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price for this property is ₹16,34,000, with an Earnest Money Deposit (EMD) of ₹1,63,400 required to participate. This is a prime opportunity to acquire a property directly from the bank under the SARFAESI Act.
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's location in Erode and the relatively low reserve price make it a calculated opportunity. While the size is limited, the potential for development or resale exists. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : TRICHY ARM BRANCH
Service Provider:Public Auction
Contact Details:
Contact no:0431-2416067
