Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609909
Bank Name:Indian Bank
Branch Name:SALEM BRANCH
Reserve Price:₹2,65,80,000
EMD:₹26,58,000
Bid Increment:₹25,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a bank auction property located in Attur, Salem, Tamil Nadu. The property comprises land with a building and is categorized as residential. It is being auctioned by Indian Bank under SARFAESI rules. The property is associated with borrower Mr. C.P. Subramani.
State:Tamil Nadu
City:Salem
Area:Attur
Asset Category:Residential
Full Address:Plot No.52, S.No: 159/72, 161/72B, 163/72D, 165/72E, 167/72F, situated within the Salem East RD, Attur SRD at Gandhi Nagar, Gandhi Nagar, Attur, Salem
Size:3599.25 sq.ft.
Auction Description
Indian Bank is conducting an online 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 2,65,80,000, with an Earnest Money Deposit (EMD) of INR 26,58,000 required to participate. This is a prime opportunity to acquire property in Salem.
Borrower Name:Mr. C.P. Subramani
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S.Parvathy
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
This land and building in Attur, Salem, presents a strong investment opportunity due to its size, location in Gandhi Nagar, and clear title. The reserve price seems reasonable, given the area, and the auction terms are standard. This is a solid chance for investors seeking a well-located property in a growing area.
Contact Details
Branch:Branch Office : SALEM BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
