Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612475
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹62,00,000
EMD:₹6,20,000
Bid Increment:₹1,00,000
Auction Time:11 AM to 01 PM
Service Provider:Public Auction
Important Dates
Submission Date:2023-12-08
Bid Start Date:2023-12-09
Property Description
This auction features a parcel of land located in Udumalaipettai, Tiruppur, Tamil Nadu. The property is categorized as Residential and is being auctioned by U GRO CAPITAL LIMITED under the SARFAESI Act. It represents an opportunity to acquire land in a developing area. Ideal for residential development or investment.
State:Tamil Nadu
City:Tiruppur
Area:Udumalaipettai
Asset Category:Residential
Full Address:Udumalaipettai, Tiruppur, Tamil Nadu, Somavarapatti Village, Tiruppur
Size:5450 Sq. Ft
Auction Description
U GRO CAPITAL LIMITED is conducting a SARFAESI auction for a residential land parcel in Udumalaipettai, Tiruppur. The auction has a reserve price of INR 62,00,000 and requires an EMD of INR 6,20,000. The auction will take place on December 9, 2025, from 11:00 AM to 01:00 PM. This is a prime opportunity for interested bidders to acquire the property.
Borrower Name:VVRBOX & VEGETABLES
Auction Type:SARFAESI Auction
Guarantor Names:SANGEETHA, RANGASAMY SATHISHKUMAR
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Udumalaipettai represents a calculated opportunity, given the reasonable reserve price relative to potential development. While not a prime investment, it offers considerable upside for those familiar with the local market. A careful assessment of encumbrances and future development plans is recommended before bidding.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Dinesh M
Contact no:9087856096
