Land for auction 116 PROPERTY: Property-l: Arakonam Vellore by Canara Bank

This property, located in Arakonam, Vellore, Tamil Nadu, is a Land and Building categorized as Residential. It is being auctioned by Canara Bank under the SARFAESI Act due to a default by the borrower, M/s. SRI MURUGAVEL TEXTILES. The property offers potential for residential use or development in the growing Arakonam region. Details regarding the exact size, dimensions, and current condition of the land and building will be available in the auction documents. Secure this asset through a transparent bank auction process.

Canara Bank invites bids for a SARFAESI auction of a Residential Land and Building in Arakonam, Vellore, Tamil Nadu. The auction will take place on August 20, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹30,44,000, with an Earnest Money Deposit (EMD) of ₹3,04,400 required. This is a prime opportunity to acquire property in a developing area. Interested parties are encouraged to review all auction terms and conditions. Contact Canara Bank for further details.