Land for auction 4 Athikkadu Sankagiri Salem by City Union Bank

The property consists of approximately 24.99-2/3 acres of Punjai land situated across multiple survey numbers (71/4, 66/6, 66/5, 68, 69/4, 69/3, 70/2, 70/3, 70/7, 70/10, 70/11, 70/4, 70/5) in Sanniyasipatti Agraharam Village, Sankagiri Sub-Registration District, Salem West Registration District. It includes factory buildings, wells with electric motors and pump-sets (ranging from 5 HP to 10 HP), common passages, and car tracks, along with all associated rights for road usage as detailed in the partition deed dated 04-04-2006. The land is currently used as an industrial unit for M/s. Rakshana Spintex.

This auction features a significant industrial property located in Sanniyasipatti Agraharam Village, Sankagiri Taluk, Salem West District, Tamil Nadu. The property comprises a total of 24.99-2/3 acres of land, inclusive of factory buildings, wells, electric motors, pumpsets, common passage, car track, and all usual rights to use roads. The land is currently utilized for the industrial unit of M/s. Rakshana Spintex, owned by A. K. Gope. Key details include Survey Numbers 66, 68, 69, 70, and 71. The auction is conducted by City Union Bank under the SARFAESI Act. The reserve price is 7,00,00,000.00, with an Earnest Money Deposit (EMD) of 70,00,000.00. The auction will take place on June 21, 2025, from 2:00 PM to 3:00 PM. Interested parties must submit their applications by June 20, 2025, by 5:00 PM. For inquiries, contact 04283-244443 or 9362050486.