Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.2
Auction ID:612452
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹48,45,000
EMD:₹4,84,500
Bid Increment:₹50,000
Auction Time:11 AM to 01 PM
Service Provider:Public Auction
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-08
Property Description
A prime parcel of land located in Telungupalayam, Coimbatore, Tamil Nadu. This residential plot offers a great opportunity for development or investment in a growing area. The property is being auctioned by U GRO CAPITAL LIMITED under SARFAESI provisions.
State:Tamil Nadu
City:Coimbatore
Area:Telungupalayam
Asset Category:Residential
Full Address:44, Bharthi Park Road, Old T.S. No. 89/1P, New T.S. No. 89/3 Ward No. L-12, Block No. 6, Coimbatore, Tamil Nadu, Telungupalayam, Coimbatore
Size:5 cents 178 sq.ft.
Auction Description
U GRO CAPITAL LIMITED is conducting a SARFAESI auction for land in Telungupalayam, Coimbatore. The auction will take place on December 9, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹48,45,000 with an EMD of ₹4,84,500. This is a significant opportunity to acquire land in Tamil Nadu. Interested bidders should review all auction terms and conditions.
Borrower Name:KARKI FOODS
Auction Type:SARFAESI Auction
Guarantor Names:PANJABAKESAN, SENTHILNATHAN, SHAKILA BANU
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
Located in a developing area of Coimbatore, this land parcel presents a solid investment opportunity. The reasonable reserve price relative to the location suggests good potential for appreciation. Investors should conduct due diligence to assess local market conditions and development possibilities.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Dinesh M
Contact no:9087856096
