Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611931
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹54,00,000
EMD:₹5,40,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This is a prime piece of land located in Nannilam, Mayiladuthurai, Tamil Nadu. The property is categorized as Residential and is being auctioned by Punjab National Bank. It presents a significant opportunity for developers or individuals looking to acquire land in a developing area.
State:Tamil Nadu
City:Mayiladuthurai
Area:Nannilam
Asset Category:Residential
Full Address:Sannanallurpadaiyatchi Street, Nagai Main Road, Sannanallur Village, Sannanallur, Nannilam
Size:8284 Sq.fts
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential land parcel in Nannilam, Mayiladuthurai, Tamil Nadu. The reserve price is set at ₹54,00,000, with an Earnest Money Deposit (EMD) of ₹5,40,000. The auction will take place on December 5, 2025, from 11:00 AM to 4:00 PM. This is a direct opportunity to purchase property through a bank auction.
Borrower Name:M/s SUBRA ENTERPRISES
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.Shiyaam, Mrs.R.S.Sumathe, Mrs.Sulochana
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Nannilam and land size. While the reserve price is moderate, potential investors should assess the location's development prospects and conduct thorough due diligence before bidding. The auction terms are standard, suggesting a straightforward process.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
