Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610409
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹84,37,000
EMD:₹8,43,700
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a prime piece of land located in the developing area of Periyanaickenpalayam, Coimbatore, Tamil Nadu. Suitable for residential development, this asset offers a significant investment opportunity in a growing urban landscape. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Tamil Nadu
City:Coimbatore
Area:Periyanaickenpalayam
Asset Category:Residential
Full Address:Item No.1 in Coimbatore Registration District, Periyanaickenpalayam Sub Registration District, Coimbatore Taluk, No.2.Gudalur Village. in S.F.No.1182 as per Sub Division S.F.Nu. 1182/2 to an extent of 6.45 acres, Periyanaickenpalayam, Coimbatore
Size:6.45 acres
Auction Description
Canara Bank is conducting an e-auction for a valuable plot of land in Periyanaickenpalayam, Coimbatore. This is a SARFAESI auction with a reserve price of INR 84,37,000 and an Earnest Money Deposit (EMD) of INR 8,43,700. The auction will take place on November 18, 2025, between 11:30 AM and 12:30 PM. This is a great opportunity for developers and investors to acquire land in a sought-after location.
Borrower Name:M/s Primecot mills
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity due to its size and location in Coimbatore. However, the relatively high reserve price and symbolic possession warrant a cautious approach. Further due diligence on the land's potential and market conditions is advised before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
