Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610451
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹65,79,000
EMD:₹6,57,900
Bid Increment:₹50,000
Auction Time:11.00 AM to 04.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This SARFAESI auction presents a valuable opportunity to acquire land and a building in Hosur, Krishnagiri, Tamil Nadu. The property, formerly associated with Shri. Shanmugam, is offered by Punjab National Bank. Ideal for residential use, this asset is situated in a developing area of Hosur, offering potential for growth and investment. The auction provides a chance to secure a property in a key location within Krishnagiri district.
State:Tamil Nadu
City:Krishnagiri
Area:Hosur
Asset Category:Residential
Full Address:Plot No. 66, Muneeshwar Nagar, S No 755/2 as per New Sub Division S.No. 755/22, Plot No. 66, D.No. 5/630/2, Plot 66, Muneeshwar Nagar, Mookandapalli, Hosur
Building/Society:Muneeshwar Nagar
Size:1320 Sq.ft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Hosur, Krishnagiri, Tamil Nadu. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹6,579,000, with an Earnest Money Deposit (EMD) of ₹657,900 required to participate. This is a direct opportunity to bid on a residential asset under the SARFAESI Act.
Borrower Name:Shri. Shanmugam
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Santhanam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property presents a calculated opportunity due to its location in Hosur, a growing industrial area. The reserve price is reasonable, but potential investors should carefully assess the property's condition and local market dynamics. The symbolic possession status also warrants careful consideration.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
