Land for auction Karumathampatti Coimbatore 78 lakh Canara Bank

This is a land auction located in Sulur Taluk, Coimbatore, Tamil Nadu, offered by Canara Bank under SARFAESI Act. The asset category is residential, presenting a potential opportunity for development or investment. The property is being auctioned with a reserve price of INR 78,20,000. The Earnest Money Deposit (EMD) required is INR 7,82,000. This is a valuable chance to acquire land in a developing area of Coimbatore.

Canara Bank is conducting a SARFAESI auction for a parcel of land in Sulur Taluk, Coimbatore, Tamil Nadu. The auction will take place on 20th November 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this residential land is set at INR 78,20,000, and the EMD is INR 7,82,000. This is a formal auction process governed by the SARFAESI Act, offering a transparent opportunity to bid on the property previously mortgaged by M/s Vignesh Tex.

The property's location in Karumathampatti, combined with the bank auction terms and reasonable reserve price, makes it a potentially strong investment. The land's size and accessibility further enhance its value, making it an attractive opportunity for buyers looking for land in the Coimbatore region.