Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612577
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹38,00,000
EMD:₹3,80,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a vacant plot located in Bhavani, Erode, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It is an ideal opportunity for real estate investment or development in a growing area.
State:Tamil Nadu
City:Erode
Area:Bhavani
Asset Category:Residential
Full Address:Kurichi Village, Bhavani, Erode
Size:3801 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Bhavani, Erode, Tamil Nadu. The auction will take place on November 24, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹38,00,000, with an Earnest Money Deposit (EMD) of ₹3,80,000 required to participate.
Borrower Name:M/s. Indhirani Construction
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Poongodi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in a developing area. The reserve price seems reasonable, and the location offers potential for future appreciation. However, further due diligence regarding local market conditions is advised before investing.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
