Property for Auction in Tiruchengode, Namakkal, Tamil Nadu
Auction ID:592917
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹2,90,00,000
EMD:₹29,00,000
Service Provider:BAANKNET
Submission Date:29-10-2025 04:00 PM
Bid Start Date:29-10-2025 11:00 AM
Prime land parcel located in Tiruchengode, Namakkal, Tamil Nadu, offered for auction by the State Bank of India. This asset, previously associated with M/s Bharani Jewellers, is categorized as residential land. It presents a significant opportunity for development or investment in a growing region. The property is available through a SARFAESI auction, indicating a clear title and a straightforward transaction process. The reserve price is set at INR 2,90,00,000, with an EMD of INR 29,00,000.
State:Tamil Nadu
City:Namakkal
Area:Tiruchengode
Asset Category:Residential
State Bank of India is conducting an SARFAESI auction for a valuable parcel of residential land in Tiruchengode, Namakkal, Tamil Nadu. The auction will take place on October 29, 2025, with bidding open from 11:00 AM to 4:00 PM. This is a unique chance to acquire a substantial land holding previously linked to M/s Bharani Jewellers. The bidding starts with a reserve price of INR 2,90,00,000. Prospective buyers must submit an Earnest Money Deposit (EMD) of INR 29,00,000 to participate. Don't miss this opportunity to invest in a promising location.
Borrower Name:M/s Bharani Jewellers
Auction Type:SARFAESI Auction
Mr.Y.Chandrasekar :9487626069, Mr.Ajitha R:9944153819