Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612060
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹2,40,00,000
EMD:₹24,00,000
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 auction features a significant parcel of land in Kadaiyanallur, Tenkasi, Tamil Nadu. The property is categorized as residential land, offering a prime opportunity for development or investment in a growing region. U GRO CAPITAL LIMITED is conducting this sale, presenting a unique chance to acquire real estate in a desirable location.
State:Tamil Nadu
City:Tenkasi
Area:Kadaiyanallur
Asset Category:Residential
Full Address:Item-I In Tenkasi District, Tenkasi Registration District, Itaikaal Sub-Regsitartion, Kadaiyanallur Taluk, lyyakudi Village, Punjai S.F.No.62/8 measuring Hec 0.22.5 or 56 Cent, Iyyakudi Village, Tenkasi
Size:0.22.5 Hec
Auction Description
U GRO CAPITAL LIMITED presents a SARFAESI auction for land in Kadaiyanallur, Tenkasi, Tamil Nadu. The auction will take place on November 19, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹2,40,00,000, with an Earnest Money Deposit (EMD) of ₹24,00,000 required. This is a legal auction facilitated under the SARFAESI Act, targeting the asset of borrower SRM SPINNERS.
Borrower Name:SRM SPINNERS
Auction Type:SARFAESI Auction
Guarantor Names:Maheswari S, Sabarinathan S
Why This Property
The land in Kadaiyanallur offers a reasonable opportunity given its location and reserve price. While not a prime investment, the potential for future development makes it a calculated risk with a moderate return potential. Auction terms seem standard.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Contact no:9087856096
