Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:609395
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹97,20,000
EMD:₹9,72,000
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
Prime agricultural land located in the scenic region of Kotagiri, Nilgiris, Tamil Nadu. This valuable parcel offers a serene environment and significant potential for development or agricultural pursuits. Situated in a sought-after area, it presents a unique opportunity for investors and individuals looking to own a piece of the beautiful Nilgiris. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Tamil Nadu
City:Nilgiris
Area:Kotagiri
Asset Category:Residential
Full Address:Kengarai Village Panchayat, Old Survey No.140/3, New Survey No.367/7 & 8, Kotagiri Revenue Taluk, Nilgiris Registration District, Kengarai Village, Kotagiri
Size:1.28 + 2.02 + 3.85 Acres
Auction Description
Canara Bank is conducting an e-auction for a valuable land property in Kotagiri, Nilgiris, Tamil Nadu. This SARFAESI auction has a reserve price of ₹97,20,000 and requires an Earnest Money Deposit (EMD) of ₹9,72,000. The auction will take place on November 20, 2025, starting at 11:30 AM and concluding at 12:30 PM. This is a fantastic opportunity to acquire land in a picturesque and developing area.
Borrower Name:Sri.Karthik Kishore
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This land parcel in Kotagiri presents a solid investment opportunity due to its size, location, and the backing of Canara Bank. The reserve price appears reasonable given the location and total acreage. The 'Strong Buy' recommendation reflects the potential for appreciation and the relative security of a bank auction.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
AUTHORISED OFFICER
Contact no:9885199927
