Land for auction 5 with a right over layout, Sulur, Coimbatore by Indian Bank

Discover a promising real estate investment in the dynamic region of Sulur Taluk, Coimbatore, Tamil Nadu, offered through a bank auction. This residential property, comprising both land and a building, is situated at SF No.74/8B, Site No.5, Door No.200/23 Jothi Aakash Galaxy, Kangeyampalayam Village. The plot spans 2730 Sq. ft., equivalent to approximately 6 Cents and 116 Sq. ft., with specified boundary measurements and access rights to layout roads, ensuring convenience for transport and common usage. The property is strategically located within the Coimbatore Registration District and Sulur Sub Registration District, an area known for its growing infrastructure and development potential. Its proximity to key amenities and transport links makes it an attractive proposition for homeowners and investors alike. This is a unique chance to acquire a property in a sought-after location, offering the potential for significant capital appreciation and personal enjoyment.

This SARFAESI auction presents an excellent opportunity to acquire a valuable residential property in the thriving locality of Sulur Taluk, Coimbatore, Tamil Nadu. The auction is being conducted by Indian Bank, a reputable financial institution. The property is described as a Land and Building, offering a substantial land area of 2730 Sq. ft. (approximately 6 Cents and 116 Sq. ft.), with defined dimensions and rights over common areas. Situated at SF No.74/8B, Site No.5, Door No.200/23 Jothi Aakash Galaxy, Kangeyampalayam Village, the location benefits from being within the Coimbatore Registration District and Sulur Sub Registration District. The bidding process will be conducted online via e-auction, providing accessibility and convenience. Potential buyers are advised to carefully review all terms and conditions associated with this sale. The auction is scheduled to commence on July 23, 2025, at 11:00 AM and will conclude at 4:00 PM on the same day. The EMD required to participate is ₹10,88,000.00, with a reserve price set at ₹1,08,85,000.00. Interested parties should ensure their applications are submitted by the application submission deadline of 4:00 PM on July 23, 2025.