Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612958
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹45,00,000
EMD:₹4,50,000
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 prime plot of land located in Komarapalayam, Namakkal district, Tamil Nadu. This residential property offers a great investment opportunity in a developing area. Ideal for building your dream home or for future development. Proximity to local amenities and transportation makes this a sought-after location. Don't miss this chance to own a piece of Namakkal.
State:Tamil Nadu
City:Namakkal
Area:Komarapalayam
Asset Category:Residential
Full Address:D. No.7/235-1, New D.No.1/87A, Re SF No.115/1, Near Balan Nagar, Katheri Village, Rajam Theater via, Komarapalayam Taluk, Namakkal District, Komarapalayam, Namakkal
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable land parcel in Komarapalayam, Namakkal. The reserve price is ₹45,00,000 with an EMD of ₹4,50,000. The auction will be held online on 24th November 2025, from 11:30 AM to 12:30 PM. This is a unique opportunity to acquire property through a transparent bank auction process. Interested bidders are advised to review all terms and conditions before participating. Secure your investment with Canara Bank.
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, located in Komarapalayam, presents a calculated opportunity due to its industrial nature and the inclusion of machinery. The reserve price is moderate, and the auction terms appear standard. Further due diligence on the machinery's condition and market demand is advised before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
