Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609021
Bank Name:Union Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹7,60,00,000
EMD:₹76,00,000
Bid Increment:₹5,00,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a prime land parcel located in Sellamanthadi, Dindigul, Tamil Nadu. The property is categorized as residential land and is being auctioned by the Union Bank of India under the SARFAESI Act. Ideal for development or investment purposes, this plot offers significant potential in a growing region.
State:Tamil Nadu
City:Dindigul
Area:Sellamanthadi
Asset Category:Residential
Full Address:Survey no:38/1, 38/2,38/3,38/4&39/2,39/3, Village Seelapadi, Karur Road, Sellamanthadi, TA Dindigul, Tamilnadu-62405, Sellamanthadi, Dindigul
Size:123710 Sq Ft
Auction Description
Union Bank of India presents a SARFAESI auction for residential land in Sellamanthadi, Dindigul. The auction will take place on November 14, 2025, between 12:00 PM and 5:00 PM. The reserve price for this asset is ₹7,60,00,000, with an Earnest Money Deposit (EMD) of ₹76,00,000. This is a unique opportunity to acquire valuable land through a transparent auction process.
Borrower Name:M/s Vanipriya Textiles Pvt ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sagar Kamal Birla, Mrs. Uma Kamal Birla
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known to A.O.
Why This Property
The land parcel in Sellamanthadi offers potential due to its size and location. While the reserve price is relatively high, the opportunity to acquire a large land through a bank auction makes it a calculated risk. Further due diligence is needed to assess the encumbrances and market value.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8088980811
