Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:608987
Bank Name:Indian Bank
Branch Name:PALLATHUR BRANCH
Reserve Price:₹65,72,000
EMD:₹6,58,000
Bid Increment:₹50,000
Auction Time:11 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a prime industrial land parcel located in Karaikudi Taluk, Karaikudi, Tamil Nadu. The property is categorized as industrial land, making it ideal for various business ventures. Situated in a developing area, it offers significant potential for industrial expansion and investment. Its strategic location within Karaikudi Taluk provides accessibility and connectivity, crucial for any industrial operation.
State:Tamil Nadu
City:Karaikudi
Area:Karaikudi Taluk
Asset Category:Industrials
Full Address:Karaikudi Registration District, Karaikudi Joint-1 Sub Registrar Office, Old GRS No 84/5 New GRS No 84/5A, GR Patta No 891, Sorkkavasal 3rd street, Pallathur Village, Old Ward No 8, New ward No 2, Paliathur Town Panchayat, Sakkottai Union, Karaikudi Taluk, Sivaganga District, Pallathur Village, Karaikudi
Size:12832.40 Sq.Ft
Auction Description
Indian Bank presents an SARFAESI auction for industrial land in Karaikudi, Tamil Nadu. The auction will take place on November 19, 2025, from 11:00 AM to 04:00 PM. The reserve price for this valuable asset is INR 658,000, with an Earnest Money Deposit (EMD) of INR 65,800 required. This is a unique opportunity to acquire industrial land, formerly associated with M/s. Sri Ariyanayaki Traders, through a transparent auction process.
Borrower Name:M/s. Sri Ariyanayaki Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S.Sekar, Mr.K Sivaprakasam, Mrs.S.Selvakumari
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property offers a good opportunity for investment due to its industrial land status and location in Karaikudi. However, the recommendation is 'Calculated Opportunity' due to the need for due diligence on local market conditions and potential development restrictions, as well as the financial commitment required for the auction.
Contact Details
Branch:Branch Office : PALLATHUR BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
