Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610326
Bank Name:Bank of Maharashtra
Branch Name:Coimbatore Zonal Office
Reserve Price:₹1,01,25,000
EMD:₹10,12,500
Bid Increment:₹25,000
Auction Time:01:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-15
Bid Start Date:2025-11-17
Property Description
This is a land parcel located in Palladam, Tiruppur, Tamil Nadu, categorized as residential asset. The property is part of a SARFAESI auction conducted by the Bank of Maharashtra. It is an excellent opportunity for investment or development in a prominent area.
State:Tamil Nadu
City:Tiruppur
Area:Palladam
Asset Category:Residential
Full Address:P. Vadugapalayam Village, R. S. No.68/1B, P. Vadugapalayam, Tiruppur
Size:1.21 Acres
Auction Description
The Bank of Maharashtra is holding a SARFAESI auction for a residential land property in Palladam, Tiruppur, Tamil Nadu. The auction will commence on November 17, 2025, at 01:00 PM and conclude at 05:00 PM on the same day. The reserve price for this auction is ₹1,01,25,000, with an Earnest Money Deposit (EMD) of ₹10,12,500 required. This is a prime opportunity to acquire valuable land in a developing region.
Borrower Name:M/s. Sangam Warper & Sizer Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Arpith Jain, Mrs. Swati Jain, Mr. C. Ponnusamy, Mrs. Banumathi @ Banumathi P.
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a moderate investment potential due to its location and land size. The reserve price and EMD are relatively high, requiring careful financial planning. Further investigation into local market conditions and potential encumbrances is advised before bidding.
Contact Details
Branch:Branch Office : Coimbatore Zonal Office
Service Provider:BAANKNET
Contact Details:
Raju R.
Contact no:8848664711
