Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611928
Bank Name:IKF Finance Limited
Branch Name:Head Office : Vijayawada
Reserve Price:₹51,00,000
EMD:₹5,10,000
Bid Increment:₹25,000
Auction Time:10.00 am to 12.00 pm
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a valuable parcel of land located in Valapadi, Salem, Tamil Nadu. The property is categorized as residential and is being auctioned by IKF Finance Limited under the SARFAESI Act. It represents an excellent opportunity for investment or development in a growing area. The land is situated in a desirable region of Salem, offering potential for future appreciation.
State:Tamil Nadu
City:Salem
Area:Valapadi
Asset Category:Residential
Full Address:26, P.N.R. Krishna Nagar, Survey No.61/5, in P.N.R. Krishna Nagar, Plot No: 26, Singipuram Village, Valapadi Taluk, Salem District, Tamil Nadu, Singipuram Village, Salem
Building/Society:P.N.R. Krishna Nagar
Size:4360 Sq. ft
Auction Description
IKF Finance Limited is conducting a SARFAESI auction for a residential land property in Valapadi, Salem, Tamil Nadu. The auction will take place on December 10, 2025, from 10:00 AM to 12:00 PM. The reserve price for this land is ₹51,00,000, with an Earnest Money Deposit (EMD) of ₹5,10,000 required to participate. This is a significant opportunity to acquire property in Salem.
Borrower Name:M/s Kiruba Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Karthikeyan Mani, Mr.Karthikeyan Mani, Mrs.Kokila Karthikeyan
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land parcel in Valapadi, Salem, presents a calculated opportunity. While the location may not be prime, the reserve price and size offer potential for development or investment. Further due diligence is advised to assess local market conditions and potential for appreciation.
Contact Details
Branch:Branch Office : Head Office : Vijayawada
Service Provider:Public Auction
Contact Details:
S.MugundhaRaj
Contact no:9444421167
