Property for Auction in Peelamedu, Coimbatore, Tamil Nadu
Auction ID:565641
Bank Name:Punjab National Bank
Branch Name:Stressed Asset Management Branch
Reserve Price:₹6,79,90,000
EMD:₹67,99,000
Service Provider:BAANKNET
Submission Date:06-09-2025 05:00 PM
Bid Start Date:08-09-2025 11:00 AM
This is a prime plot located in the well-developed area of Peelamedu, Coimbatore, Tamil Nadu. The property is being auctioned by Punjab National Bank. Peelamedu is a sought-after residential and commercial hub, offering excellent connectivity and access to essential amenities. This plot presents a significant opportunity for development or investment in a rapidly growing urban center.
State:Tamil Nadu
City:Coimbatore
Area:Peelamedu
Asset Category:Residential
Punjab National Bank is conducting a SARFAESI auction for a valuable plot of land in Peelamedu, Coimbatore. The auction will take place on September 8, 2025, from 11:00 AM to 4:00 PM. The reserve price for this asset is ₹6,79,90,000, with an Earnest Money Deposit (EMD) of ₹67,99,000. This is a unique chance to acquire a property previously associated with M/s. Progowoven Industry in a key location within Tamil Nadu.
Borrower Name:M/s. Progowoven Industry
Auction Type:SARFAESI Auction
Contact Phone No: 0422-2231314, 0422-2231345. e-mail: [email protected]