Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613954
Bank Name:Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹18,00,00,000
EMD:₹1,80,00,000
Bid Increment:₹50,000
Auction Time:11 am - 5 pm
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This is a land parcel located in Karur, Tamil Nadu, offered through a SARFAESI auction by the Bank of India. Situated in the Karur area, this residential asset presents a significant investment opportunity. The land is being auctioned due to the default of Mr. Vijayabaskar.S. The property is ideal for development or long-term investment in the growing region of Tamil Nadu. Its location in Karur provides access to local amenities and infrastructure.
State:Tamil Nadu
City:Karur
Area:Karur
Asset Category:Residential
Full Address:S.F. No. 1985 with an extent of Ac. 1.00, S.F. No. 1989 with an extent of Ac.1.92., Andankovil East Village, Karur
Size:13405 Sq. ft
Auction Description
The Bank of India is conducting a SARFAESI auction for a valuable land property in Karur, Tamil Nadu. The auction will take place on December 9, 2025, starting at 11:00 AM and concluding at 05:00 PM. The reserve price for this land is set at ₹18,00,00,000, with an Earnest Money Deposit (EMD) of ₹1,80,00,000 required to participate. This is a prime opportunity to acquire a significant asset in Karur through a transparent and regulated auction process.
Borrower Name:Mr.Vijayabaskar.S
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.V.Prasanthavinothini
Legal Details
Possession Status:Symbolic
Encumbrance Details:To the best knowledge and information available with the Authorised Officer, there is no encumbrance on the property referred above.
Why This Property
The property is a land in a developing area and is under bank auction. The reserve price is high. Considering the location and investment potential, this presents a calculated risk.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
