Property for Auction in Attur, Salem, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610487
Bank Name:Indian Bank
Branch Name:SALEM BRANCH
Reserve Price:₹26,58,000
EMD:₹2,65,800
Bid Increment:₹25,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
This auction features a valuable land and building property located in Attur, Salem, Tamil Nadu. Situated in a well-established area, this asset offers significant potential for residential use. The property is being auctioned by Indian Bank under SARFAESI provisions. Its location in Salem, a prominent city in Tamil Nadu, makes it an attractive investment opportunity. Don't miss the chance to acquire this real estate asset.
State:Tamil Nadu
City:Salem
Area:Attur
Asset Category:Residential
Full Address:Plot No.52, Gandhi Nagar, Attur Town and Taluk, Gandhi Nagar, Attur
Size:3599.25 sq.ft.
Indian Bank is conducting a SARFAESI auction for a land and building property in Attur, Salem, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price for this residential asset is INR 26,58,000, with an Earnest Money Deposit (EMD) of INR 2,65,800 required to participate. This is a prime opportunity to bid on a property in a developing region. All interested parties are encouraged to review the auction terms and conditions before bidding.
Borrower Name:Mr. C.P. Subramani
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S.Parvathy
Possession Status:Physical
Encumbrance Details:Nil
The property offers a decent investment opportunity given its location in Attur and the established building on the land. The reserve price appears reasonable, but potential investors should conduct thorough due diligence. The auction terms are standard, making it a calculated risk with potential for good returns.
Branch:Branch Office : SALEM BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220