Land for auction 46 Properties, Peelamedu, Coimbatore by PNB

This property is a parcel of land located in the well-developed area of Peelamedu, Coimbatore, Tamil Nadu. Previously associated with M/s. Progowoven Industry, this land is categorized as residential and is being offered for sale by Punjab National Bank under the SARFAESI Act. Peelamedu is a prominent locality known for its connectivity and infrastructure, making this land a potentially attractive investment for development or other purposes. The asset category is residential, indicating potential for various types of construction.

Punjab National Bank invites sealed bids for a SARFAESI auction of land in Peelamedu, Coimbatore. This auction presents a prime opportunity to acquire a valuable plot in a sought-after area. The reserve price is ₹6,79,90,000, with an Earnest Money Deposit (EMD) of ₹67,99,000 required to participate. The auction will be conducted online and will commence on August 12, 2025, at 11:00 AM, concluding at 4:00 PM on the same day. This is a significant offering from the bank for asset acquisition.