Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610232
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹5,72,000
EMD:₹57,200
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
A parcel of land located in Pudhukottai, Tuticorin, Tamil Nadu. This residential land offers a unique investment opportunity in a developing area. The property is being auctioned by the State Bank of India under the SARFAESI Act. Ideal for residential development or investment purposes, this land is situated in a region known for its growing potential.
State:Tamil Nadu
City:Tuticorin
Area:Pudhukottai
Asset Category:Residential
Full Address:Sekkarakudi Village-I, bearing Patta No.2470, S.No.49/3, Sekkarakudi Village, Pudhukottai, Tuticorin
Size:0.58.0 hectare
Auction Description
State Bank of India presents a SARFAESI auction for a land parcel in Pudhukottai, Tuticorin, Tamil Nadu. The auction will take place on November 18, 2025, from 11:00 AM to 4:00 PM. The reserve price for this land is ₹5,72,000, with an Earnest Money Deposit (EMD) of ₹57,200 required. This is a prime opportunity to acquire land in a strategic location, offered by a leading financial institution.
Borrower Name:M/s. St John Freight Systems Ltd
Auction Type:SARFAESI Auction
Why This Property
This land in Pudhukottai, Tuticorin offers a reasonable investment opportunity at the given reserve price. While not a prime location, the auction terms are favorable for calculated risk-takers. The land's potential is tied to regional development and market appreciation.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
