Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610455
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MONITORING BRANCH
Reserve Price:₹1,54,00,000
EMD:₹15,40,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a prime plot of land located in Ammapet Village, Salem, Tamil Nadu. The property is being auctioned by Punjab National Bank under SARFAESI Act. Ideal for residential development, this land offers a great investment opportunity in a rapidly developing area. Its strategic location provides excellent connectivity and accessibility.
State:Tamil Nadu
City:Salem
Area:Ammapet Village
Asset Category:Residential
Full Address:Old D.No:15 and New D.No:128, Thangasengodan street, Ammapet, T.S.No:38, Block:27, Ammapet village, Ward-N, Salem East Joint-1 SRO, Salem Municipal Corporation limit, Salem Taluk and District, Ammapet, Salem
Size:2767.50 Sq.ft.
Auction Description
Punjab National Bank invites bids for the auction of a valuable land parcel in Ammapet Village, Salem, Tamil Nadu. This is a SARFAESI auction with a reserve price of INR 1,54,00,000 and an EMD of INR 15,40,000. The auction will be held online on November 26, 2025, starting at 11:00 AM and ending at 04:00 PM. Don't miss this chance to acquire a significant asset.
Borrower Name:Mr.C. BHARATHIRAJA
Auction Type:SARFAESI Auction
Guarantor Names:Shri C. Bharathiraja, Smt.B.Kanaka, Shri C. Karthikeyan, M/s. Kanmani Textiles
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land is located in Ammapet, Salem, presenting a potential investment opportunity. The reserve price is relatively high, suggesting a certain market value, but requires careful assessment of local market conditions and potential returns before committing. Auction terms are standard, making it a calculated risk for interested buyers.
Contact Details
Branch:Branch Office : ASSET RECOVERY MONITORING BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
