Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611018
Bank Name:IndusInd Bank
Branch Name:Corporate Office : Chennai
Reserve Price:₹35,00,000
EMD:₹3,50,000
Bid Increment:₹20,000
Auction Time:11 AM to 12.10 PM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-15
Bid Start Date:2025-11-17
Property Description
This SARFAESI auction presents a compelling opportunity to acquire a residential property, categorized as Land and Building, located in Karur, Tamil Nadu. The property is situated in the city of Karur and is being auctioned by IndusInd Bank. This asset was formerly owned by Mr. Rajeshkumar.
State:Tamil Nadu
City:Karur
Area:Karur
Asset Category:Residential
Full Address:14, Indira Gandhi Nagar, Plot No: 14, B Block, Indira Gandhi Nagar, Thanthoni Village, Karur Taluk, Indira Gandhi Nagar, Karur
Building/Society:Indira Gandhi Nagar
Size:106.61 Sq.mtr
Auction Description
IndusInd Bank is conducting a SARFAESI auction for a Land and Building property in Karur, Tamil Nadu. The auction will commence on November 17, 2025, at 11:00 AM and conclude at 12:10 PM on the same day. The reserve price for this residential asset is set at ₹35,00,000, with an Earnest Money Deposit (EMD) of ₹3,50,000 required to participate.
Borrower Name:Mr.Rajeshkumar
Auction Type:SARFAESI Auction
Guarantor Names:Maligha Wilo Balasubramani, Balasubramani S/o Maiylsamy
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land with building in Karur, Tamil Nadu. While the location is decent, the final investment appeal depends on the local real estate market and potential for appreciation. The auction terms are standard, making it a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Mr. Veeraragavan
Contact no:7305014585
