Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613857
Bank Name:Karur Vysya Bank
Branch Name:Asset Recovery Branch
Reserve Price:₹39,00,000
EMD:₹3,90,000
Bid Increment:₹1,00,000
Auction Time:14:00 hours to 15:00 hours
Service Provider:matex.net
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This auction features a parcel of land located in Namagiripettai, Namakkal, Tamil Nadu. Situated in a developing area, this plot offers potential for residential development. The property is being auctioned by Karur Vysya Bank under SARFAESI proceedings. It is a valuable opportunity for investors or individuals looking to acquire land in this region of Tamil Nadu.
State:Tamil Nadu
City:Namakkal
Area:Namagiripettai
Asset Category:Residential
Full Address:Seerapalli Village, S.F.No.22/1 Dry Hec 0.92.5 (Acre 2.28) New S.F.No.22/1B, D.No.117 and S.F.No.22/3, Dry Hec 1.20.5 (Acre 2.98) New S.F.No.22/3B, Seerapalli Village, Namakkal
Size:0.48 acres
Auction Description
Karur Vysya Bank is conducting a SARFAESI auction for a land property in Namagiripettai, Namakkal, Tamil Nadu. The auction will take place on November 25, 2025, with bidding open from 02:00 PM to 03:00 PM. The reserve price for this residential land is ₹39,00,000, with an Earnest Money Deposit (EMD) of ₹3,90,000 required to participate. This is a direct auction from the bank, offering a clear title and a straightforward purchase process.
Borrower Name:M/s.MS Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Sithifouzia
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL (Brought to the knowledge of Bank)
Why This Property
The property is land in a rural area of Tamil Nadu. While the reserve price is relatively low, further due diligence is required regarding the location and potential for development. Therefore, it's a Calculated Opportunity.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:matex.net
Contact Details:
Contact no:9894964624
