Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612062
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹3,07,00,000
EMD:₹30,70,000
Bid Increment:₹1,00,000
Auction Time:11 AM to 01 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This SARFAESI auction features a plot of land located in Andipalayam, Tiruppur, Tamil Nadu, offered by U GRO CAPITAL LIMITED. The property is categorized as Residential. The borrower is Shanmuga Sweets. This is a prime opportunity to acquire land in a developing area of Tiruppur. The land is suitable for various residential development purposes, offering potential for investment growth.
State:Tamil Nadu
City:Tiruppur
Area:Andipalayam
Asset Category:Residential
Full Address:Andipalayam Village, S.F. No. 208/2, Andipalayam, Tiruppur
Size:0.24.30 hectares
Auction Description
U GRO CAPITAL LIMITED is conducting a SARFAESI auction for a residential land property in Andipalayam, Tiruppur, Tamil Nadu. The auction has a reserve price of INR 30,700,000 and requires an EMD of INR 3,070,000. The auction will take place on November 19, 2025, starting at 11:00 AM and concluding at 01:00 PM. Interested bidders should review all auction terms and conditions.
Borrower Name:Shanmuga Sweets
Auction Type:SARFAESI Auction
Guarantor Names:Karthik V, Shanmugapriya Viswanathan, Shanmuga Bakery
Why This Property
The property is a land parcel in Tiruppur, offered at a notable reserve price. The location has potential, but further due diligence is needed to ascertain its market value and investment feasibility. The relatively high EMD also warrants a careful assessment of the auction terms.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Contact no: —
