Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613499
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹49,60,800
EMD:₹4,96,080
Bid Increment:₹10,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a plot of land located in Anthiyur, Erode, Tamil Nadu. The property is categorized as residential and is part of a SARFAESI auction conducted by Indian Bank. The land offers a promising opportunity for development or investment in the thriving Erode region.
State:Tamil Nadu
City:Erode
Area:Anthiyur
Asset Category:Residential
Full Address:Old Survey No: 510, Re SurveyNo:513/7 known as Kamarajar Street, Situated along 30 feet wide Panchayat tar road and 23 feet wide earthen road, Situated off Bhavani to Mettur SH Road situated about 100M away from Ammapettai main bus stop, Amma-Pettai village, Town Panchayat& SRO, Amma-Pettai, Anthiyur, Erode
Size:3000 sq.ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable piece of land in Anthiyur, Erode, Tamil Nadu. The auction will take place on December 10, 2025, starting at 10:00 AM and concluding at 4:00 PM. The reserve price for this residential land is ₹49,60,800, with an Earnest Money Deposit (EMD) of ₹4,96,080. This is a prime opportunity to acquire property in a growing area.
Borrower Name:M/s. Adithyaa Polymers
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Ramyalakshme
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a vacant land plot in a developing area, offering potential for future appreciation. The reserve price seems reasonable, and the location is accessible. However, a thorough due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
