Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610148
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹10,48,000
EMD:₹1,04,800
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
This is a SARFAESI auction for a piece of residential land located in Pudhukottai, Tuticorin, Tamil Nadu. The property is being auctioned by the State Bank of India. It is an excellent opportunity to acquire land in a developing area. The property is categorized as residential land.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village II. S.No.1194/1, Pudhukottai, Tuticorin
Size:2.62 acres
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on 18-11-2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this auction is ₹10,48,000, with an Earnest Money Deposit (EMD) of ₹1,04,800 required to participate. This auction presents a valuable opportunity for prospective buyers.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The land in Tuticorin presents a calculated opportunity due to its location and size, balanced against the reserve price. While specific auction details are missing, the reasonable reserve and EMD suggest a potential for value appreciation. Further due diligence is recommended.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
