Property for Auction in Kanyakumari, Kanyakumari, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:587480
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹65,00,000
EMD:₹6,50,000
Bid Increment:₹1,00,000
Auction Time:10.00 am to 4.00 pm
Service Provider:BAANKNET
Submission Date:31-10-2025 10:00 AM
Bid Start Date:2025-10-31
This auction features a valuable Land And Building property located in Kanyakumari, Tamil Nadu, a prime coastal city. The asset, categorized as residential, is being auctioned by Punjab National Bank. Situated in the heart of Kanyakumari, this property offers excellent potential for development or personal use. Don't miss this opportunity to acquire a significant asset in a sought-after location.
State:Tamil Nadu
City:Kanyakumari
Area:Kanyakumari
Asset Category:Residential
Full Address:20-126C, Door No: 20-126C, Kappiyarani-B, R.S.No: 647/12C2, Old S.No. 750 A,B, Kappiyarani-B, Kanyakumari
Size:13.75 Cents
Punjab National Bank is conducting a SARFAESI auction for a Land And Building property in Kanyakumari, Tamil Nadu. The bidding starts on October 31, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price is set at ₹65,00,000, with an Earnest Money Deposit (EMD) of ₹6,50,000 required. This is a unique chance to bid on a property previously associated with M/s Aaro Motors. Ensure you are registered and prepared for this timed online auction event.
Borrower Name:M/s Aaro Motors
Auction Type:SARFAESI Auction
Guarantor Names:Mr. C.Jose Kingsly
Possession Status:Symbolic
Encumbrance Details:Nil
The property presents a calculated opportunity due to its residential land and building type in Kanyakumari. The reserve price is moderate, and the symbolic possession suggests potential complexities, requiring thorough due diligence. While the location is specified, further market analysis is advisable.
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
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