Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610408
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹2,27,00,000
EMD:₹22,70,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
A valuable parcel of land located in Palladam, Tiruppur, Tamil Nadu. This residential land is being auctioned by Canara Bank under the SARFAESI Act. Situated in a developing area, it presents a significant opportunity for investment or development. The property is identified with the borrower M/s Primecot mills.
State:Tamil Nadu
City:Tiruppur
Area:Palladam
Asset Category:Residential
Full Address:S.F.No.46/1A as per Patta No.2370 of Kodangipalayam Village, Kodangipalayam, Tiruppur
Size:0.66 Acres
Auction Description
Canara Bank is conducting a SARFAESI auction for a land parcel in Palladam, Tiruppur, Tamil Nadu. The auction will take place on November 18, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹2,27,00,000, with an Earnest Money Deposit (EMD) of ₹22,70,000 required. This is a prime opportunity to acquire land in a strategic location.
Borrower Name:M/s Primecot mills
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Jeevitha V, Mr. Nithyanandakumar S, Mrs. Sophia David, Mr. Sathyanarayanan R
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This land in Palladam presents a calculated investment opportunity due to its location in Tiruppur and a reasonable reserve price. The symbolic possession status and limited details necessitate thorough due diligence. It could be a worthwhile investment for those familiar with the local market.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
