Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613496
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹1,18,81,800
EMD:₹11,88,180
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 prime plot of land in Anthiyur, Erode, Tamil Nadu, categorized as residential. The property is being auctioned by Indian Bank under the SARFAESI Act. Benefiting from its location in a growing area, this land presents a significant opportunity for development or investment. Its clear title and straightforward ownership transfer process make it an attractive proposition for discerning buyers.
State:Tamil Nadu
City:Erode
Area:Anthiyur
Asset Category:Residential
Full Address:Site No:2 and 3, Site No:2 and 3 in old survey No:510, Re Survey No:513/7 known as Kamarajar Street, Anthiyur, Erode Dt-638 311, Anthiyur, Erode
Size:5000 Sq. Ft.
Auction Description
Indian Bank is conducting an SARFAESI auction for a valuable parcel of land in Anthiyur, Erode, Tamil Nadu. The auction will take place on December 10, 2025, with bidding open from 10:00 AM to 4:00 PM. The reserve price is set at ₹1,18,81,800, with an Earnest Money Deposit (EMD) of ₹11,88,180 required to participate. This is a direct opportunity to acquire residential land through a transparent and secure bank auction process.
Borrower Name:M/s. Adithyaa Polymers
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Ramyalakshme
Legal Details
Encumbrance Details:Nil
Why This Property
The property is a vacant land plot in a developing locality with potential for appreciation. The reserve price seems reasonable, but due diligence on local market conditions is advised. Auction terms are standard, indicating a calculated opportunity.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
