Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609514
Bank Name:Indian Bank
Branch Name:DHARMAPURI
Reserve Price:₹56,53,200
EMD:₹5,75,000
Bid Increment:₹50,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This auction features a parcel of land located in Bargur, Krishnagiri, Tamil Nadu. Situated in a key area, this property offers potential for various development opportunities. As an asset previously associated with M/s Sarojini Stores, it presents a unique chance for investors and developers to acquire land in a growing region.
State:Tamil Nadu
City:Krishnagiri
Area:Bargur
Asset Category:Residential
Full Address:Krishnagiri RD, Bargur SRD, Mallapadi revenue village in Bargur Taluk in S.F No 44/5, Mallapadi, Krishnagiri
Size:1200 Square Feet
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land property in Bargur, Krishnagiri, Tamil Nadu. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price for this land is INR 56,53,200, with an Earnest Money Deposit (EMD) of INR 5,65,320 required to participate. This is a prime opportunity to bid on valuable real estate directly from the bank.
Borrower Name:M/s Sarojini Stores
Auction Type:SARFAESI Auction
Guarantor Names:Y Karunakaran, Y Manonmani, Y Sarathkumar, Y Vinoth Kumar
Legal Details
Possession Status:Physical
Encumbrance Details:Existing encumbrance to Indian Bank, Bargur Branch
Why This Property
The property is land in a developing area, offered at a reasonable price. While it carries encumbrances, the auction terms are standard, and the location in Bargur, Krishnagiri, offers potential for future appreciation. It's a 'Calculated Opportunity' requiring due diligence.
Contact Details
Branch:Branch Office : DHARMAPURI
Service Provider:BAANKNET
Contact Details:
Shri Shankar Kumar Jha
Contact no:9442247113
