Property for Auction in Paramathi, Namakkal, Tamil Nadu
Auction ID:439751
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹7,40,00,000
EMD:₹74,00,000
Service Provider:Public Auction
Submission Date:22-02-2025 05:00 PM
Bid Start Date:24-02-2025 10:00 AM
A total of 7.28 acres of vacant land located in Devanampalayam Village, Paramathi Taluk, within the Namakkal Registration District of Tamil Nadu. The land falls under Survey Number 66. The property is categorized as Residential Asset and is being auctioned as vacant land. It is being sold by City Union Bank as part of a SARFAESI Auction.
State:Tamil Nadu
City:Namakkal
Area:Paramathi
Asset Category:Residential
This auction features 7.28 acres of vacant land in Devanampalayam Village, Paramathi Taluk, Namakkal District, Tamil Nadu. The property is owned by Mr. R. Radha and Mr. R. Nagarajan, who are associated with M/s. Ran India Steels (P) Ltd. The land is divided into three parcels for description purposes: 2.00 acres, 2.28 acres, and 3.00 acres, all within Survey Number 66. Detailed boundaries for each parcel are provided. This is a SARFAESI Auction conducted by City Union Bank with a reserve price of INR 7,40,00,000 and an EMD of INR 74,00,000. The auction will take place on February 24, 2025, from 10:00 AM to 5:00 PM.
Borrower Name:M/s. Ran India Steels (P) Ltd
Auction Type:SARFAESI Auction
Telephone No.04288-256356, Cell No. 9344038628