Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612517
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹2,02,17,000
EMD:₹20,21,700
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This offering features a Land and Building property located in Nammakkal, Namakkal, Tamil Nadu. Classified under the Residential asset category, this property is part of a bank auction conducted by Canara Bank. The property is situated in a key area of Namakkal city, offering potential for various residential uses.
State:Tamil Nadu
City:Namakkal
Area:Nammakkal
Asset Category:Residential
Full Address:Survey No. 226/53 & 226/25, T.S NOS:295/2, 272/2, 282, 283, 284, 285, 286, 287, 288, D.No:39, 41, 41a, 21, 23, 25, 27, 29, 31 & 33, Arthanari School Street, Ward-C, Block No:14, Sandhaipettaipudhur, Namakkal
Size:3840 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Nammakkal, Namakkal, Tamil Nadu. The auction will take place on November 24, 2025, with bidding open from 11:00 AM to 12:00 PM. The reserve price for this auction is ₹2,02,17,000, and the Earnest Money Deposit (EMD) required is ₹20,21,700. This is a prime opportunity to acquire a property through a transparent bank auction process.
Borrower Name:M/s Krivis Traders & Services
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.K.Balasubbramanian
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Nammakkal presents a reasonable opportunity due to its location and land size. The reserve price is considerable, requiring a careful assessment of the local market. Auction terms are standard, but potential investors should conduct thorough due diligence.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
