Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609523
Bank Name:Jana Small Finance Bank
Branch Name:Registered Office : Bangalore
Reserve Price:₹1,30,70,700
EMD:₹13,07,070
Auction Time:03:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This auction features a valuable Land and Building property located in Komarasamypatti, Salem, Tamil Nadu. The property is categorized as Residential and is being auctioned by Jana Small Finance Bank under the SARFAESI Act. Situated in a developing area of Salem, this asset presents a significant opportunity for investment or personal use. The auction offers a clear title and a well-defined asset, making it an attractive prospect for discerning buyers.
State:Tamil Nadu
City:Salem
Area:Komarasamypatti
Asset Category:Residential
Full Address:24, Komarasamipatty Village, Salem Taluk, Salem West Regd. District Salem West Joint No.1 SRO S.No. 199/7A, 199/8A, 8B, 200/7, Door No.24, Plot No.: 2, 3, Hasthampatti Village, Salem Taluk, Salem West Regd. District, Salem West SRO, Komarasamypatti, Salem
Size:4026 sq. ft.
Auction Description
Jana Small Finance Bank is conducting an online SARFAESI auction for a Land and Building property in Komarasamypatti, Salem, Tamil Nadu. The auction will commence on November 19, 2025, at 03:00 PM and conclude at 04:00 PM on the same day. The reserve price is set at ₹1,30,70,700.00, with an Earnest Money Deposit (EMD) of ₹13,07,070.00 required to participate. This is a prime opportunity to acquire a residential asset in a growing region of Tamil Nadu, brought to you by Jana Small Finance Bank.
Borrower Name:M/s. PRP Packaging
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Prakash Rajagopal, Mrs. Chitra, Mr. Prakash Rajagopal, Mrs. Chitra, Mrs. Monisha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Komarasamypatti, Salem, offered at a reasonable reserve price. While the location is not prime, the potential for industrial use offers a calculated opportunity for investors. Auction terms appear standard, warranting consideration with due diligence.
Contact Details
Branch:Branch Office : Registered Office : Bangalore
Service Provider:bankauctions.in
Contact Details:
Ranjan Naik
Contact no:6362951653
