Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612563
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹67,00,000
EMD:₹6,70,000
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 valuable plot of land located in the developed area of Ammapet, Erode, Tamil Nadu. This residential land offers a prime opportunity for development or investment in a growing urban center. Situated in a sought-after location, it provides excellent connectivity and access to local amenities. Ideal for building a home or for commercial ventures.
State:Tamil Nadu
City:Erode
Area:Ammapet
Asset Category:Residential
Full Address:Kurichi Village, (Old S.F.No.89) Re S.F.No.1007/1 Punja, Kuruchi Village, Erode
Size:1483.5 sq ft
Auction Description
Canara Bank presents a SARFAESI auction for a residential land parcel in Ammapet, Erode, Tamil Nadu. The reserve price is INR 67,00,000 with an Earnest Money Deposit (EMD) of INR 6,70,000. This is a unique opportunity to acquire property through a transparent auction process. The auction will be conducted online on November 24, 2025, starting at 11:30 AM and concluding at 12:30 PM. Don't miss this chance to invest in Erode's real estate market.
Borrower Name:Mrs. Poongodi
Auction Type:SARFAESI Auction
Guarantor Names:Mr.R.Kumaresan, Mrs.R.Indhirani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land located in Kuruchi Village, Ammapet, Erode. Given the price and symbolic possession, it represents a calculated opportunity for buyers interested in land investment in the area. The auction terms are standard, requiring EMD and participation by the specified date.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
