Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613234
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹1,35,000
EMD:₹13,500
Bid Increment:₹2,000
Auction Time:11.30 a.m. to 12.00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
A plot of land located in Aravakurichi, Karur, Tamil Nadu. This residential land parcel is being auctioned by Canara Bank as part of a SARFAESI auction. The property is situated in a developing area with potential for residential construction. Interested parties should conduct their own due diligence regarding local zoning and development regulations. The land is offered as-is, where-is.
State:Tamil Nadu
City:Karur
Area:Aravakurichi
Asset Category:Residential
Full Address:House Site No. 90, S.S.Garden, Kuppam Village (S.S.Garden), comprised in S.F.No. 1164/2 & 8 was plotted into house sites and formed approved layout in the name of "S.S.Garden" in House Site No. 90 with the total extent of 1200 Sq.ft situated within the specific four boundaries of :- North Plot No.65 South 23 feet wide East-West Road East Plot No.91, West Plot No.89, Kuppam Village, Aravakurichi
Building/Society:S.S.Garden
Size:1200 sq.ft
Auction Description
Canara Bank is conducting an online SARFAESI auction for a parcel of land in Aravakurichi, Karur, Tamil Nadu. The auction will take place on November 26, 2025, starting at 11:30 AM and concluding at 12:00 PM. The reserve price for this property is ₹1,35,000, with an Earnest Money Deposit (EMD) of ₹13,500 required to participate. This is a public auction, and bidders are advised to review all auction terms and conditions prior to bidding. The sale is subject to the SARFAESI Act provisions.
Borrower Name:M/s Sri Ragav Tex
Auction Type:SARFAESI Auction
Guarantor Names:Mr.K.N.Kamesh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This land offers a good investment opportunity due to its affordable price and location in Aravakurichi. While the price is low, further due diligence is necessary, and the investment is only a 'Calculated Opportunity' at the given reserve price and terms.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no:9489045738
