Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609746
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹34,00,000
EMD:₹3,40,000
Auction Time:01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-08
Property Description
City Union Bank presents a prime land parcel for auction in Periyakulam, Madurai, Tamil Nadu. This residential land offers a unique investment opportunity in a developing area. Ideal for future construction or development, this plot is situated within the vibrant city of Madurai. Seize this chance to acquire valuable real estate through a transparent bank auction process.
State:Tamil Nadu
City:Madurai
Area:Periyakulam
Asset Category:Residential
Full Address:S.No.214/8 (New S.No.214/8E) and S No.214/8 (New S. No.214/8H) at Pothampatti Village Usilampatti Union, Usilampatti Sub Division, Pothampatti Village, Madurai
Size:8.5 cents
Auction Description
Participate in the SARFAESI auction conducted by City Union Bank for a land property in Periyakulam, Madurai. The auction begins on December 8, 2025, at 1:00 PM and concludes at 2:00 PM on the same day. The reserve price is set at ₹34,00,000, with an Earnest Money Deposit (EMD) of ₹3,40,000 required. This is a fantastic opportunity to bid on a residential land asset formerly associated with M/s.MPS Cargo & Shipping Private Limited.
Borrower Name:M/s.MPS Cargo & Shipping Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr Limousine Transit, Mr. S.Suresh Babu, Mr.S. Jeyadeepan, Mrs.S.Booma Devi, Mrs. S.Rakshitha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land parcel in Periyakulam, Madurai, presents a calculated opportunity. The reserve price seems reasonable for the area, but potential investors should conduct thorough due diligence. The recommendation is 'Calculated Opportunity' due to the need for detailed local market assessment.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:04552-250555
