Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609607
Bank Name:Aditya Birla Capital
Branch Name:Regional Office : Veraval
Reserve Price:₹1,36,13,500
EMD:₹13,61,350
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
Aditya Birla Capital presents a prime land parcel in Salem, Tamil Nadu. This residential land, located in the Salem area, offers a unique opportunity for development or investment. Situated in a well-connected region, the property is ideal for those looking to build their dream home or a strategic asset. The auction is conducted under SARFAESI Act, ensuring a transparent and secure transaction process for potential buyers.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:26, Rangapuram door No.26, Ward No. 11, Rangapuram, Salem
Size:1080 Sq.feet
Auction Description
Aditya Birla Capital is holding a SARFAESI auction for a valuable land property in Salem, Tamil Nadu. The auction will take place on 05-12-2025, with bidding open from 11:00 AM to 12:00 PM. The reserve price for this asset is ₹1,36,13,500, and the Earnest Money Deposit (EMD) required is ₹13,61,350. This is an excellent chance to acquire property directly from the bank, offering a straightforward purchase experience. Don't miss this opportunity to bid on this significant land asset.
Borrower Name:M/s PVS Silks
Auction Type:SARFAESI Auction
Guarantor Names:Mr. P. Varatharaj, Mrs. R. Kokila, Mr. P. Varatharaj
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land in Salem, presents a calculated opportunity given its location. With a reserve price of ₹13613500.0 and clear auction terms, it merits consideration but requires thorough due diligence regarding local market conditions.
Contact Details
Branch:Branch Office : Regional Office : Veraval
Service Provider:drt.auctiontiger.net
Contact Details:
Sd/-Authorized Officer
Contact no:9176697772/9710457535
