Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610422
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹1,16,00,000
EMD:₹11,60,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-30
Bid Start Date:2025-11-20
Property Description
A prime piece of land located in Annur, Coimbatore, Tamil Nadu, offered for bank auction by Canara Bank. This residential plot presents a valuable investment opportunity in a developing area. The property is identified as belonging to M/s. Sri Dhanalakshmi Textiles. Ideal for development or personal use, this land offers significant potential.
State:Tamil Nadu
City:Coimbatore
Area:Annur
Asset Category:Residential
Full Address:SF numbers 381/3 & 382/2, Annur, Annur, Coimbatore
Size:0.35 acre
Auction Description
Canara Bank is conducting a SARFAESI auction for a land parcel in Annur, Coimbatore. The auction will take place on November 20, 2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price is set at ₹1,16,00,000, with an Earnest Money Deposit (EMD) of ₹11,60,000 required to participate. This is a unique opportunity to acquire a valuable asset through a transparent auction process.
Borrower Name:M/s. Sri Dhanalakshmi Textiles
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Geetha, Mr. Suren.R
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its industrial nature and location in Annur, Coimbatore. The reserve price and EMD are significant, requiring careful financial assessment. While industrial land can be valuable, market conditions and specific zoning regulations should be thoroughly investigated before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
