Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612064
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹96,00,000
EMD:₹9,60,000
Bid Increment:₹50,000
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 is a SARFAESI auction for a parcel of land located in Devakottai, Sivaganga, Tamil Nadu. The property is categorized as residential asset and is being auctioned by U GRO CAPITAL LIMITED. The auction is part of a recovery process initiated by the bank.
State:Tamil Nadu
City:Sivaganga
Area:Devakottai
Asset Category:Residential
Full Address:Old Door No:17, New Door No:22,T. S.No:60, Old T.S.Ward No:18, Now T.S.Ward No:"O", Block No:5, T Oorani Melkarai Veedhi, Devakottai Town, Devakottai
Auction Description
U GRO CAPITAL LIMITED is conducting an online SARFAESI auction for a land parcel in Devakottai, Sivaganga, Tamil Nadu. The auction starts on November 19, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is set at ₹9,600,000, with an Earnest Money Deposit (EMD) of ₹960,000 required to participate. This is a prime opportunity to acquire land in the Sivaganga district.
Borrower Name:Elumalaivasa Traders
Auction Type:SARFAESI Auction
Guarantor Names:Siva Kalanjiyam, Saranya Siva, Kalanjiyam Kaliyaperumal
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land in Devakottai, a developing town in Tamil Nadu. With a reserve price of ₹9600000, it presents a calculated opportunity for investment. While not a prime location, the relatively lower price point makes it a potentially viable option.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Mr. Dinesh M
Contact no:9087856096
