Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610060
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹43,50,000
EMD:₹4,35,000
Bid Increment:₹20,000
Auction Time:11:00 AM to 12:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
A valuable plot of land located in the prime area of Singanallur, Coimbatore, Tamil Nadu. This residential land parcel is offered by South Indian Bank through a SARFAESI auction. Ideal for residential development or investment, the property is situated in a well-connected and developing locality, offering excellent potential for future growth. The land is part of an auction initiated due to the loan default by M/s. PackNBack Solutions Private Limited.
State:Tamil Nadu
City:Coimbatore
Area:Singanallur
Asset Category:Residential
Full Address:Thamarai Gardens, SIHS Colony, Thamarai Gardens, Mahatma Gandhi Road, SIHS Colony, Neelikonampalayam under S.F.No.50/3, New S.F.No.50/3B of Singanallur Village, Singanallur, Coimbatore
Building/Society:Thamarai Gardens, SIHS Colony
Size:3420 Sq. Ft
Auction Description
South Indian Bank presents a SARFAESI auction for a prime plot of land in Singanallur, Coimbatore. The auction will be held on November 29, 2025, between 11:00 AM and 12:00 PM. The reserve price for this residential land is INR 43,50,000, with an Earnest Money Deposit (EMD) of INR 4,35,000 required to participate. This is a significant opportunity to acquire a valuable asset in a sought-after location. Interested bidders are advised to review all auction terms and conditions thoroughly.
Borrower Name:M/s.PackNBack Solutions Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kalaiselvi, Mr.Krishna Chandar, Mrs.Devipriya.A
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The land's location in Coimbatore's Singanallur area presents a decent investment opportunity. While the reserve price seems reasonable for the area, potential investors should carefully assess the long-term growth prospects and development potential before bidding. The auction terms appear standard, posing a calculated risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:Public Auction
Contact Details:
Mr. Barath Kumar, Mr.R.Balaji
Contact no:6382165265/9443759259
