Property for Auction in Komarasamypatti, Salem, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609522
Bank Name:Jana Small Finance Bank
Branch Name:Registered Office : Bangalore
Reserve Price:₹5,11,23,000
EMD:₹51,12,300
Auction Time:03:00 PM
Service Provider:bankauctions.in
Submission Date:2025-11-18
Bid Start Date:2025-11-19
This is a residential land and building property located in Komarasamypatti, Salem, Tamil Nadu. It is being auctioned by Jana Small Finance Bank under SARFAESI regulations. The property offers a significant land area suitable for various development or personal use purposes. Its location in a developing area of Salem presents an opportunity for residential investment or building a home. The property is offered as part of a bank auction, providing a potential for acquisition at a competitive price.
State:Tamil Nadu
City:Salem
Area:Komarasamypatti
Asset Category:Residential
Full Address:Komarasamipatty Village, Salem Taluk, Salem West Regd. District, Komarasamypatti, Salem
Size:20473.2 sq. ft.
Jana Small Finance Bank is conducting a SARFAESI auction for a land and building property in Komarasamypatti, Salem, Tamil Nadu. The auction will take place online on November 19, 2025, from 03:00 PM to 04:00 PM. The reserve price for this asset is ₹5,11,23,000.00, with an Earnest Money Deposit (EMD) of ₹51,12,300.00 required to participate. This is a prime opportunity to acquire a valuable property in Salem. Interested bidders are advised to review all auction terms and conditions, and conduct thorough due diligence before participating.
Borrower Name:M/s. PRP Packaging
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Prakash Rajagopal, Mrs. Chitra, S/o. Rajagopal, Mrs. Monisha, D/o. Prakash
Encumbrance Details:Not Known to Bank
The property, a land and building in Komarasamypatti, Salem, presents a calculated investment opportunity. With a reserve price of ₹51,123,000, potential buyers should carefully assess the market value and potential for development. The location is advantageous, but the terms of the auction require careful consideration.
Branch:Branch Office : Registered Office : Bangalore
Service Provider:bankauctions.in
Contact Details:
Mr. Ranjan Naik
Contact no:6362951653