Land for auction Komarapalayam Namakkal 3 Cr Canara Bank

Property for Auction in Komarapalayam, Namakkal, Tamil Nadu

Recommendation
Strong BuyScore: 7.2
Possession
Symbolic
Size
43600 Sq.ft
Reserve Price
2,81,00,000
Reserve Price
2,81,00,000
EMD Required
28,10,000
Property Specifications
Size43600 Sq.ft
Unit No.1/87B
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Komarapalayam, Namakkal
Auction Date IconAuction Date:
24-11-2025 11:30 AM

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

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