Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610791
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹56,05,000
EMD:₹5,60,500
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:26-11-2025 12:30 PM
Property Description
This SARFAESI auction features a valuable Land and Building property located in Nammakkal, Namakkal, Tamil Nadu. The asset, formerly belonging to Smt. K. Madeshwari, is categorized as residential. It offers a prime opportunity in a developing area. The property is being auctioned by Canara Bank.
State:Tamil Nadu
City:Namakkal
Area:Nammakkal
Asset Category:Residential
Full Address:Survey No. 274/1, 274/3, Seeviyan Thottam, Namakkal Village Town, Namakkal Taluk, Namakkal District, Tamil Nadu, Namakkal, Namakkal
Size:1150 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential Land and Building property in Nammakkal, Namakkal, Tamil Nadu. The auction will take place on November 26, 2025, starting at 12:30 PM and concluding at 01:30 PM. The reserve price is set at 56,05,000 INR, with an Earnest Money Deposit (EMD) of 5,60,500 INR. This is a significant opportunity for potential buyers to acquire a property through a bank auction.
Borrower Name:Smt. K. Madeshwari
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity given its location in Namakkal and the size of the land and building. However, potential investors should carefully assess local market conditions and development possibilities. The reserve price seems reasonable, but a thorough due diligence is recommended before participating in the auction.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:0431-2416067
