Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609751
Bank Name:South Indian Bank
Branch Name:Regional Office
Reserve Price:₹31,10,500
EMD:₹3,11,050
Bid Increment:₹10,000
Auction Time:01:00 P.M. to 02:00 P.M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This auction features a valuable plot of land located in Pennagaram, Dharmapuri, Tamil Nadu. Ideal for residential development, this property offers a unique investment opportunity in a growing region. The land is presented for sale by South Indian Bank under the SARFAESI Act. It's a rectangular parcel, dimensions are to be verified by the buyer. Proximity to local amenities and transport links makes this an attractive proposition for discerning buyers seeking to acquire land for future projects or investment.
State:Tamil Nadu
City:Dharmapuri
Area:Pennagaram
Asset Category:Residential
Full Address:Survey No.89/1, 89/2, Re-Survey No.89/2A1A, Pennagaram Village, Pennagaram Taluk, Pennagaram Sub Registration District, Dharmapuri District, Pennagaram, Dharmapuri
Size:2400 Sq.Ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a residential land parcel in Pennagaram, Dharmapuri, Tamil Nadu. The auction will take place on November 28, 2025, from 1:00 PM to 2:00 PM. The reserve price for this auction is INR 31,10,500, with an Earnest Money Deposit (EMD) of INR 3,11,050 required to participate. This is a prime opportunity to acquire land in a developing area. Interested parties are advised to conduct their due diligence prior to the auction date.
Borrower Name:M/s. E Man Motors Works
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Krishnan G
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
This land in Pennagaram, Dharmapuri presents a calculated opportunity due to its size and location. The reserve price is reasonable, but further due diligence is advised. Potential buyers should evaluate the locality and market conditions before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:bankauctions.in
Contact Details:
Contact no:8220533743
