Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613232
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹1,35,000
EMD:₹13,500
Bid Increment:₹2,000
Auction Time:11:30 a.m. to 12.00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This auction features a valuable plot of land located in Aravakurichi, Karur, Tamil Nadu. The property is offered by Canara Bank under the SARFAESI Act. It is situated in a developing area with potential for residential use. The land presents a great opportunity for investors or individuals looking to build their dream home in a well-connected region.
State:Tamil Nadu
City:Karur
Area:Aravakurichi
Asset Category:Residential
Full Address:65, S.S. Garden, Kuppam Village (S.S.Garden), comprised in S.F.No. 1164/2 & 8, House Site No. 65, Aravakurichi, Karur
Building/Society:S.S. Garden
Size:1200 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Aravakurichi, Karur, Tamil Nadu. The auction will be held online on November 26, 2025, from 11:30 AM to 12:00 PM. The reserve price for this asset is INR 135,000, with an Earnest Money Deposit (EMD) of INR 13,500 required to participate. This is a prime opportunity to acquire a plot of land at a competitive price.
Borrower Name:M/s Sri Ragav Tex
Auction Type:SARFAESI Auction
Guarantor Names:Mr.K.N.Kamesh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land in a developing area. Given the relatively low reserve price and EMD, it presents a calculated opportunity for investment. However, due diligence is advised to assess local development and potential returns.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no:9489045738
