Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612164
Bank Name:Punjab & Sind Bank
Branch Name:Coimbatore Branch
Reserve Price:₹16,12,00,000
EMD:₹1,61,20,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:ebkray
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-20
Property Description
This is a land parcel located in Rajapalayam, Virudhunagar, Tamil Nadu, categorized as residential. The property is being auctioned by Punjab & Sind Bank under the SARFAESI Act. It is associated with the borrower M/s. Sundar Tyres & Wheels Pvt. Ltd.
State:Tamil Nadu
City:Virudhunagar
Area:Rajapalayam
Asset Category:Residential
Full Address:52A, TS no 5.Old survey number 439/A2&439/B2, part of bearing Door No.52A at Tenkashi Road, Kothankulam Village, Kothankulam Village, Rajapalayam
Size:1.255 Acres
Auction Description
Punjab & Sind Bank is conducting an online SARFAESI auction for a residential land parcel in Rajapalayam, Virudhunagar, Tamil Nadu. The auction will take place on November 20, 2025, from 11:00 AM to 4:00 PM. The reserve price for this auction is ₹16,12,00,000, with an Earnest Money Deposit (EMD) of ₹1,61,20,000 required to participate.
Borrower Name:M/s. Sundar Tyres & Wheels Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr.K SP Sundaravel (Director), Mrs. Janani Shanmugapriya S (Director), Mr. NS Sanjay Kumar (Director), M/s The Janakiram Mills Limited
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel with an industrial building, located in Rajapalayam. While the location is not a Tier 1 city, the reserve price relative to the land size might present a calculated opportunity. However, prospective buyers should carefully assess the local market and the condition of the building before bidding.
Contact Details
Branch:Branch Office : Coimbatore Branch
Service Provider:ebkray
Contact Details:
Contact no:8558852369
