Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610397
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹47,00,000
EMD:₹4,70,000
Bid Increment:₹10,000
Auction Time:10.00 am to 4.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a Land and Building property located in Alangulam, Tenkasi, Tamil Nadu. The property is owned by M/s.Sri Venkateswara Modern Rice Mill and falls under the Residential asset category. The reserve price for this auction is INR 47,00,000, with an Earnest Money Deposit (EMD) of INR 4,70,000 required to participate.
State:Tamil Nadu
City:Tenkasi
Area:Alangulam
Asset Category:Residential
Full Address:Ayan Punjai Survey No 1197/2B, Sivalarkulam village, Sivalarkulam, Alangulam, Tenkasi
Size:0.55.0 Hectare
Auction Description
Indian Bank is conducting an online SARFAESI auction for a Land and Building property in Alangulam, Tenkasi, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. This is an opportunity to bid on a property with a reserve price of INR 47,00,000. Interested bidders must submit an EMD of INR 4,70,000. Please refer to the official auction notice for detailed terms and conditions.
Borrower Name:M/s.Sri Venkateswara Modern Rice Mill
Auction Type:SARFAESI Auction
Guarantor Names:Mr. N. Rajalingam, Mr. V. Rajalingam, Ms. Karthick Mahalakshmi
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
Located in Alangulam, Tenkasi, the property presents a reasonable investment opportunity. With a reserve price of ₹4700000.0 and land and building structure, it balances risk and potential returns. Thorough due diligence is advised before participating in the auction.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
