Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:611183
Bank Name:Indian Bank
Branch Name:Karur Branch
Reserve Price:₹2,89,23,000
EMD:₹28,92,000
Bid Increment:₹1,00,000
Auction Time:11.00 am to 5.00pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
An excellent opportunity to acquire a plot of land in Karur, Tamil Nadu, offered by Indian Bank through a SARFAESI auction. This residential land is ideally situated in the Karur area, providing a great canvas for development or investment. The property is being auctioned as part of the recovery process for M/s Mathan Caar Decors.
State:Tamil Nadu
City:Karur
Area:Karur
Asset Category:Residential
Full Address:Karur R.D, West Karur S.R.D., Karur Taluk, L.N.S Village, S.F.No.629.Ac.0.98, Karur, Karur
Size:911 sq.ft
Auction Description
Indian Bank presents a SARFAESI auction for a valuable plot of land in Karur, Tamil Nadu. The auction will take place on November 19, 2025, commencing at 11:00 AM and concluding at 05:00 PM. The reserve price for this asset is ₹2,89,23,000, with an Earnest Money Deposit (EMD) of ₹28,92,000 required to participate. This is a prime opportunity for investors and developers to acquire property in a sought-after location.
Borrower Name:M/s Mathan Caar Decors
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.Mathankumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Karur and the presence of existing structures make it a potentially strong investment. The reserve price, while significant, may represent a good value considering the area. Investors should conduct due diligence to assess the existing building's condition and potential for further development.
Contact Details
Branch:Branch Office : Karur Branch
Service Provider:BAANKNET
Contact Details:
Mayank Shekhar
Contact no:9486001002
