Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613241
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹29,06,000
EMD:₹2,90,600
Bid Increment:₹25,000
Auction Time:11:30 a.m. to 12:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-12
Property Description
This is a prime piece of land located in Kulithalai, Karur, Tamil Nadu. The property is categorized as residential and presents an excellent opportunity for development or investment. Its strategic location within a developing area makes it an attractive asset. The land is being auctioned by Canara Bank under the SARFAESI Act, offering a transparent and regulated sale process.
State:Tamil Nadu
City:Karur
Area:Kulithalai
Asset Category:Residential
Full Address:37A, T.S.No. 73, Ward-C, Block No. 10, RCC Building bearing Door No.37A, Vaigainallur North village (Municipality), Vaigainallur Agraharam, Karur
Size:980 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Kulithalai, Karur, Tamil Nadu. The auction will take place on December 12, 2025, starting at 11:30 AM and concluding at 12:00 PM. The reserve price for this auction is INR 29,06,000, with an Earnest Money Deposit (EMD) of INR 2,90,600 required to participate. This is a direct opportunity to acquire a valuable land asset from the bank.
Borrower Name:M/s Sri Ragav Tex
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The land in Kulithalai, Karur, presents a calculated opportunity due to its location and existing RCC building. While the reserve price of ₹2906000.0 requires careful consideration, the potential for future development and local market conditions justify a 'Calculated Opportunity' recommendation, urging investors to assess all factors before bidding.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no:9489045750
