Land for auction Karumathampatti Village Coimbatore 43 lakh Canara Bank

This is a prime land parcel located in Sulur Taluk, Coimbatore, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI regulations. It is categorized as residential land, offering excellent potential for development. The area is known for its growing infrastructure and connectivity, making it an attractive investment opportunity in Coimbatore. The land is offered free from encumbrances, presenting a clean title for the prospective buyer. This is a direct opportunity to acquire a significant land asset in a rapidly developing region.

Canara Bank is conducting a SARFAESI auction for a valuable land property in Sulur Taluk, Coimbatore. The auction has a reserve price of INR 42,71,000 and requires an EMD of INR 4,27,100. Bidders must participate within the specified auction window, which starts on October 31, 2025, at 11:30 AM and concludes on the same day at 12:30 PM. This is a sealed bid auction, and interested parties are advised to review all auction terms and conditions on the bank's official portal. The property belongs to M/S.INDO FABRICS and is being auctioned due to loan default.