Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.2
Auction ID:612952
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹2,81,00,000
EMD:₹28,10,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
A significant parcel of land located in Komarapalayam, Namakkal, Tamil Nadu, designated for auction by Canara Bank. This property, previously associated with M/s. Indhirani Rolling Mills, falls under the residential asset category and is being auctioned under the SARFAESI Act. Its strategic location in Namakkal district offers potential for various developments. The land is offered as a prime investment opportunity in a developing region.
State:Tamil Nadu
City:Namakkal
Area:Komarapalayam
Asset Category:Residential
Full Address:1/87B, Door No.1/87B, In R.S.No. 115/1 (Old S.F.No.115/1) Patta No. 2226, Katheri Village, Sankari Taluk, Komarapalayam, Namakkal
Size:43600 Sq.ft
Auction Description
Canara Bank presents a SARFAESI auction for a valuable land parcel in Komarapalayam, Namakkal, Tamil Nadu. The auction will commence on 24-11-2025 at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price is set at INR 2,81,00,000, with an Earnest Money Deposit (EMD) of INR 28,10,000 required to participate. This is a direct opportunity to acquire a significant land asset through a transparent banking auction process.
Borrower Name:M/s. Indhirani Rolling Mills
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Rasu (Late), Mr. R.Kumaresan, Mrs. R.Indhirani, Mrs. Poongodi, Mr. R. Kumaresan, Mrs. R.Indhirani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizeable land parcel in Komarapalayam, offering potential for various development projects. Given the reserve price and location, it presents a strong investment opportunity. The symbolic possession status and auction terms are typical for bank auctions.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
