Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611161
Bank Name:State Bank of India
Branch Name:SME Ganapathy Branch
Reserve Price:₹3,24,00,000
EMD:₹32,40,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-11-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
This is a prime land parcel located in Tirupur, Coimbatore, Tamil Nadu. The property is being auctioned by the State Bank of India under the SARFAESI Act. Ideal for residential development, this land offers a significant investment opportunity in a developing region. Don't miss the chance to acquire this valuable asset.
State:Tamil Nadu
City:Coimbatore
Area:Tirupur
Asset Category:Residential
Full Address:SF. No: 304/18 at Perumanallur Village within the limits of Perumanallur Village Panchayat, Perumanallur Village, Tirupur
Size:0.40 acres
Auction Description
State Bank of India presents a SARFAESI auction for a residential land parcel in Tirupur, Coimbatore. The auction will be held online on November 17, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price is ₹3,24,00,000, with an EMD of ₹32,40,000. This is a unique opportunity to bid on a valuable piece of land.
Borrower Name:M/s Sai Skand Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Chellammal.R, Mr. Madhavan Vaiyapuri, Mr. Vijai Babu Madhavan, M/s. Sundance Estates Private Limited
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property's location in Tirupur, a growing industrial hub, presents a calculated opportunity. While the reserve price is significant, the potential for appreciation in this area justifies a closer look. The auction terms are standard, suggesting a reasonable level of risk.
Contact Details
Branch:Branch Office : SME Ganapathy Branch
Service Provider:BAANKNET
Contact Details:
Ramabalasubramanian.G
Contact no:9597676677
