Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611033
Bank Name:Canara Bank
Branch Name:COIMBATORE REGIONAL OFFICE-II
Reserve Price:₹43,60,000
EMD:₹4,36,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a vacant land parcel located in Sulur Taluk, Coimbatore, Tamil Nadu. The property is designated for residential use and is being auctioned by Canara Bank under the SARFAESI Act. It represents an opportunity to acquire land in a developing area of Coimbatore.
State:Tamil Nadu
City:Coimbatore
Area:Sulur Taluk
Asset Category:Residential
Full Address:S.F.No. 103/2 (as per New No. 103/2A), S.F.No. 96/C3, Karumathampatti Village, Coimbatore
Size:3140 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land property in Sulur Taluk, Coimbatore. The auction will take place on November 20, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹43,60,000, with an Earnest Money Deposit (EMD) of ₹4,36,000 required to participate. This is a prime opportunity to bid on a valuable piece of real estate.
Borrower Name:M/s Vignesh Tex
Auction Type:SARFAESI Auction
Guarantor Names:M/s Ganesha Tex, Mr. Radhakrishnan S, Mr.Balasubramaniam S, Mrs. Savithiri
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's land value in Sulur, combined with existing buildings, makes it a calculated opportunity. While the location is promising, the auction terms are standard. Evaluate local market conditions before bidding.
Contact Details
Branch:Branch Office : COIMBATORE REGIONAL OFFICE-II
Service Provider:BAANKNET
Contact Details:
Contact no:9885199927
