Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612303
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹60,64,000
EMD:₹6,06,400
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 is a residential land and building property located in Nammakkal, Namakkal, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents a valuable opportunity for investment in a growing area.
State:Tamil Nadu
City:Namakkal
Area:Nammakkal
Asset Category:Residential
Full Address:Survey No.226/53, T.S.No.295/1 Block No.14 Arthanri School Street Ward-C in Periyapatty village Sandhaipettaipudhur, Sandhaipettaipudhur, Namakkal
Size:2340 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Nammakkal, Namakkal, Tamil Nadu. The auction will take place on November 24, 2025, between 11:00 AM and 12:00 PM. The reserve price is ₹6,064,000, with an Earnest Money Deposit (EMD) of ₹606,400. This is a timed online auction. The borrower for this auction is M/s Krivis Traders & Services.
Borrower Name:M/s Krivis Traders & Services
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.K.Balasubbramanian, Mr.B.Madan Mohan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Nammakkal presents a reasonable investment opportunity due to its location and building. The reserve price seems aligned with market rates, but a thorough due diligence is recommended. Auction terms are standard, but the value lies in the land's potential development.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
