Property Type:
Location:
Auction Date:Auction Details
Auction ID:548074
Bank Name:Indian Bank
Branch Name:STRESSED ASSETS MANAGEMENT VERTICAL BRANCH
Reserve Price:₹64,00,000
EMD:₹6,40,000
Service Provider:BAANKNET
Important Dates
Submission Date:13-08-2025 05:00 PM
Bid Start Date:14-08-2025 11:00 AM
Property Description
This residential property, located in Palladam, Tiruppur, Tamil Nadu, consists of both land and a building. It is being auctioned by Indian Bank under the SARFAESI Act. The property offers a significant investment opportunity in a well-connected region of Tamil Nadu. Ideal for residential use or development, this asset is situated in an area known for its growing commercial and residential presence.
State:Tamil Nadu
City:Tiruppur
Area:Palladam
Asset Category:Residential
Auction Description
Indian Bank presents a SARFAESI auction for a prime property in Palladam, Tiruppur, Tamil Nadu. This is a unique opportunity to acquire a Land and Building asset, previously belonging to M/s. V.R Knits. The auction will be held on August 14, 2025, from 11:00 AM to 4:00 PM. The reserve price is set at ₹64,00,000, with an Earnest Money Deposit (EMD) of ₹6,40,000 required to participate. Don't miss this chance to invest in a valuable property in a developing area.
Borrower Name:M/s. V.R Knits
Auction Type:SARFAESI Auction
Contact Details
Contact no:9442646501
