Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611191
Bank Name:Canara Bank
Branch Name:TRICHY ARM BRANCH
Reserve Price:₹1,62,45,000
EMD:₹16,24,500
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
A prime Land and Building property located in Velliyani, Karur, Tamil Nadu. This residential asset is part of a SARFAESI auction conducted by Canara Bank. The property offers a significant opportunity for investment or personal use in a developing area. It is ideal for those looking to acquire real estate through a transparent auction process.
State:Tamil Nadu
City:Karur
Area:Velliyani
Asset Category:Residential
Full Address:Velliyani Thenbagam Village within Velliyanai Panchayat, 1. GPS 1502/18, 2. GPS 1503/2, Velliyani, Karur
Size:1.96 Acres
Auction Description
Canara Bank is pleased to announce a SARFAESI auction for a valuable Land and Building property in Velliyani, Karur, Tamil Nadu. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price is set at ₹1,62,45,000, with an Earnest Money Deposit (EMD) of ₹16,24,500. This is a unique opportunity to bid on a substantial asset owned by M/s.GRN Textiles.
Borrower Name:M/s.GRN Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Mrs G Ramya
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Velliyani, Karur. The location is reasonably accessible, and the reserve price seems appropriate for the area. However, due diligence is needed to ensure clear title and assess local market demand before investing.
Contact Details
Branch:Branch Office : TRICHY ARM BRANCH
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no:0431-2416067
