Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609526
Bank Name:Jana Small Finance Bank
Branch Name:Registered Office : Bangalore
Reserve Price:₹40,87,130
EMD:₹4,08,713
Auction Time:03:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
Jana Small Finance Bank presents an auction for a Land And Building property in Erumapalayam, Salem, Tamil Nadu. This residential asset, previously associated with M/s. Sree Pavithra Industries, offers a compelling opportunity for investment. Located in a developing area, the property is ideal for various purposes. Don't miss this chance to acquire a property through a SARFAESI auction.
State:Tamil Nadu
City:Salem
Area:Erumapalayam
Asset Category:Residential
Full Address:126/3, Old T.S.No.112/3, 108, Ward-I Block-15, New T.S.No.73, Ward-Z, Block-38, Door No. 126/3, Nethaji Nagar 25 Feet Road, Erumapalayam, Salem
Size:1605 Sq.ft.
Auction Description
Participate in the SARFAESI auction conducted by Jana Small Finance Bank for a Land And Building property in Erumapalayam, Salem. The auction starts on 04-12-2025 at 03:00 PM and concludes at 04:00 PM on the same day. The reserve price is set at INR 40,87,130.00, with an EMD of INR 4,08,713.00. This is a prime opportunity to bid on a residential property in a strategic location. Ensure all documentation is in order before participating.
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:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Salem, offered at a reasonable reserve price. While the location is not specified with granular detail, the overall details suggest a viable opportunity with standard auction terms, justifying a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Registered Office : Bangalore
Service Provider:bankauctions.in
Contact Details:
Ranjan Naik
Contact no:6362951653
