Property for Auction in Dharapuram, Tiruppur, Tamil Nadu
Auction ID:562957
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹3,16,00,000
EMD:₹31,60,000
Service Provider:BAANKNET
Submission Date:22-09-2025 11:00 AM
Bid Start Date:22-09-2025 11:30 AM
This offering is a residential plot situated in Dharapuram, a key area within Tiruppur district, Tamil Nadu. The land is being auctioned by Canara Bank under the SARFAESI Act, previously associated with M/s. Ultimate Textiles. It presents a significant real estate opportunity in a region known for its textile industry and growing infrastructure. The plot is ready for development and offers potential for residential construction or investment. Its location provides good connectivity within Dharapuram and the wider Tiruppur region.
State:Tamil Nadu
City:Tiruppur
Area:Dharapuram
Asset Category:Residential
Canara Bank is conducting a SARFAESI auction for a residential plot located in Dharapuram, Tiruppur, Tamil Nadu. The property was mortgaged by M/s. Ultimate Textiles. The auction will take place on September 22, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹3,16,00,000, with an Earnest Money Deposit (EMD) of ₹31,60,000 required to participate. This is a prime opportunity to acquire a valuable plot in a developing area.
Borrower Name:M/s. Ultimate Textiles
Auction Type:SARFAESI Auction
Contact:- 0422-2555655/94890 43584