Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:610061
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹79,84,000
EMD:₹7,98,400
Bid Increment:₹50,000
Auction Time:01:00 P. M. to 02.00 P. M.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This auction features a land and building property located in the prime area of Singanallur, Coimbatore, Tamil Nadu. The asset, previously belonging to Mrs. Kalaiselvi, is categorized as residential and presents a valuable opportunity for investors or homeowners. The property is situated in a well-developed urban locality with good connectivity.
State:Tamil Nadu
City:Coimbatore
Area:Singanallur
Asset Category:Residential
Full Address:Site No.8, Tagoor Nagar Extension, Ondipudur, Singanallur, Coimbatore
Size:1515 Sq.Ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a residential land and building in Singanallur, Coimbatore. The auction has a reserve price of INR 79,84,000 and requires an EMD of INR 7,98,400. The auction will take place on November 29, 2025, between 1:00 PM and 2:00 PM. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:Mrs. Kalaiselvi
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Krishna Chandar, Mrs Devipriya A
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
This land and building in Singanallur, Coimbatore, presents a strong investment opportunity due to its prime location and physical possession status. The reserve price appears reasonable, and the area is well-connected. This warrants a 'Strong Buy' recommendation for investors seeking property in a developing urban area.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:Public Auction
Contact Details:
Mr. BarathKumar
Contact no:6382165265
