Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613503
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹46,91,700
EMD:₹4,69,170
Bid Increment:₹10,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a prime plot of land located in Komarasamypatti, Salem, Tamil Nadu. The property is offered by Indian Bank through a SARFAESI auction. This is a residential asset category land, presenting a great opportunity for development or investment in a growing area. The land is situated in a well-connected locality within Salem, making it an attractive proposition for potential buyers.
State:Tamil Nadu
City:Salem
Area:Komarasamypatti
Asset Category:Residential
Full Address:42 and 43, Pioneer Estate, Site Nos:42 and 43, Re Survey No:640/2A known as "Pioneer Estate" residential layout, Komarasamypatti, Salem
Building/Society:Pioneer Estate
Size:3462.50 sq.ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable plot of land in Komarasamypatti, Salem, Tamil Nadu. The auction has a reserve price of ₹46,91,700 and requires an Earnest Money Deposit (EMD) of ₹4,69,170. The auction will take place on December 10, 2025, starting at 10:00 AM and concluding at 4:00 PM on the same day. This is a unique opportunity to acquire a significant piece of land in a sought-after location.
Borrower Name:M/s. Adithyaa Polymers
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Ramyalakshme
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a vacant land in a developing area near Salem, making it a calculated opportunity. The reserve price seems reasonable, but further due diligence is recommended. Good location near the highway.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
