Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:610424
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹1,23,00,000
EMD:₹12,30,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-04
Bid Start Date:2025-12-04
Property Description
Canara Bank presents an exciting land auction opportunity in Tiruppur, Tamil Nadu. Located in the bustling area of Tiruppur, this residential land is ideal for development. The property is being auctioned under the SARFAESI Act, offering a straightforward transaction process.
State:Tamil Nadu
City:Tiruppur
Area:Tiruppur
Asset Category:Residential
Full Address:S.F.No. 72/2, Punjai Hectares 0.73.0, in this one part measuring punjai acres 1.33 ½, in this one part on the northern side, eastern side, onepart measuring punjai acres 0.21 of land. Location: Tiruppur Registration District, Tiruppur Joint I Sub Registration District, Tiruppur Taluk, Neruperichal Village., Neruperichal Village, Tiruppur
Size:0.21 acres
Auction Description
This is a SARFAESI auction conducted by Canara Bank for a valuable plot of land in Tiruppur, Tamil Nadu. The auction begins on December 4, 2025, at 11:30 AM and concludes at 12:30 PM on the same day. The reserve price is set at ₹1,23,00,000, with an Earnest Money Deposit (EMD) of ₹12,30,000 required to participate. This is a prime opportunity for investors and developers to acquire a significant asset.
Borrower Name:M/s.Arav Garments
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Karthikeyan.A, Mr.Karthikeyan.A, Mrs.Sakthi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Tiruppur presents a calculated opportunity due to its location and potential for development. While the reserve price is relatively high, the manageable size and auction terms could appeal to local investors. Further due diligence on location, land use and restrictions is advised.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
The Chief Manager / The Authorised Officer, Canara Bank
Contact no:9489043584
