Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:610233
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹15,00,000
EMD:₹1,50,000
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. The land offers a prime opportunity for development or investment in a growing region.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-II, bearing Patta No.2728, S.No. 1805, Sekkarakudi, Tuticorin
Size:3.75 acre
Auction Description
State Bank of India is conducting a SARFAESI auction for residential land in Pudhukottai, Tuticorin, Tamil Nadu. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this valuable land parcel is ₹15,00,000, with an Earnest Money Deposit (EMD) of ₹1,50,000 required to participate. This is a significant opportunity to acquire property directly from the bank.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
The land parcel in Tuticorin offers moderate investment potential due to its location and size. The reserve price seems reasonable, but further due diligence is needed. This property is recommended as a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
