Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612439
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹1,16,00,000
EMD:₹11,60,000
Bid Increment:₹1,00,000
Auction Time:11 AM to 01 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-09
Property Description
Prime land parcel located in the bustling Saravanampatti area of Coimbatore, Tamil Nadu. This residential land offers a strategic investment opportunity in a rapidly developing region. U GRO CAPITAL LIMITED is facilitating the auction of this valuable asset, formerly associated with SEVENTH GEAR. The property is situated in a well-connected locality, presenting excellent potential for future development. Ideal for investors or individuals seeking to acquire a significant plot in a sought-after urban area.
State:Tamil Nadu
City:Coimbatore
Area:Saravanampatti
Asset Category:Residential
Full Address:56-O, S.F.No.203/1 Door No. 56-O Shivananthapuram 3rd street Old Taxation No. 162/295041 New Taxation No. 162/029/02155 Water Connection No. 2910526, Saravanampatti, Coimbatore
Size:05 cents
Auction Description
U GRO CAPITAL LIMITED presents a SARFAESI auction for a significant land parcel in Saravanampatti, Coimbatore. The auction, held on December 9, 2025, from 11:00 AM to 01:00 PM, features a reserve price of ₹1,16,00,000 and an EMD of ₹11,60,000. This is a unique opportunity to acquire a valuable asset under the SARFAESI Act. Prospective bidders are encouraged to review all auction terms and conditions. Secure your bid for this prime real estate in Tamil Nadu.
Borrower Name:SEVENTH GEAR
Auction Type:SARFAESI Auction
Guarantor Names:LATHA DHAMOTHARAN, SATHYAN S
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Saravanampatti presents a calculated opportunity due to its location and potential for development. The reserve price and EMD are substantial, requiring careful consideration. While the location is promising, further due diligence on market conditions is advised.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Contact no: —
