Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:599564
Bank Name:State Bank of India
Branch Name:HOME LOAN CENTRE
Reserve Price:₹78,00,000
EMD:₹7,80,000
Bid Increment:₹1,00,000
Auction Time:11.00 A.M. to 12.00 Noon
Service Provider:Public Auction
Important Dates
Submission Date:28-10-2025 05:00 PM
Bid Start Date:2025-10-29
Property Description
This is a land parcel located in Coimbatore North Taluk, Coimbatore, Tamil Nadu. The property is being auctioned by the State Bank of India under SARFAESI regulations. It is categorized as a residential asset. The auction offers a unique opportunity to acquire land in a key area of Coimbatore.
State:Tamil Nadu
City:Coimbatore
Area:Coimbatore North Taluk
Asset Category:Residential
Full Address:Sukrawarpet Street, Coimbatore, Sukrawarpet Street, Coimbatore
Size:9635.15 sq.ft
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential land parcel in Coimbatore North Taluk, Coimbatore, Tamil Nadu. The auction will take place on October 29, 2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price for this property is ₹78,00,000, with an Earnest Money Deposit (EMD) of ₹7,80,000 required. This is a prime opportunity for interested buyers to participate in a bank-led auction.
Borrower Name:Mr.S.K.Alauddin
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Tahamina Begam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a large land parcel in a developing area of Coimbatore, making it a potentially good investment. The reserve price seems reasonable, and the auction terms are standard. Given the location and size, it presents a strong opportunity for buyers.
Contact Details
Branch:Branch Office : HOME LOAN CENTRE
Service Provider:Public Auction
Contact Details:
S.E.Solomon
Contact no:8903880077
