Property for Auction in Paravai, Madurai, Tamil Nadu
Auction ID:575046
Bank Name:Karur Vysya Bank
Branch Name:Asset Recovery Branch
Reserve Price:₹75,00,000
EMD:₹7,50,000
Service Provider:bankauctions.in
Submission Date:25-09-2025 05:00 PM
Bid Start Date:26-09-2025 03:00 PM
A residential land and building located in Paravai, Madurai, Tamil Nadu. This property is part of a SARFAESI auction conducted by Karur Vysya Bank. The asset, previously owned by Mr. V. Balaji, offers a promising opportunity for investment or residence in a developing area. Its strategic location within Madurai ensures connectivity and access to local amenities. The property type is land with an existing building structure, suitable for various purposes. This is a prime chance to acquire real estate in a sought-after region of Tamil Nadu.
State:Tamil Nadu
City:Madurai
Area:Paravai
Asset Category:Residential
Karur Vysya Bank presents a SARFAESI auction for a residential land and building in Paravai, Madurai, Tamil Nadu. The auction is scheduled for September 26, 2025, commencing at 3:00 PM and concluding at 4:00 PM. The reserve price for this property is INR 7,500,000, with an Earnest Money Deposit (EMD) of INR 750,000. This auction provides a unique opportunity to acquire a valuable asset in Madurai. Interested bidders are advised to review all auction terms and conditions prior to participation. Ensure your bids are placed within the specified auction window to secure this property.
Borrower Name:Mr. V.Balaji
Auction Type:SARFAESI Auction
Contact Person & Phone No ARB Chief Manager-95855 95881. Recovery Officer-99440 54594 Madurai Kamarajar Salai Branch Manager 84899 15173