Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610544
Bank Name:City Union Bank
Branch Name:kumbakonam
Reserve Price:₹5,16,00,000
EMD:₹51,60,000
Service Provider:Public Auction
Important Dates
Submission Date:20-11-2025 12:00 PM
Bid Start Date:2025-11-20
Property Description
This auction features a valuable plot of land located in Salem, Tamil Nadu, offered by City Union Bank. The property is categorized as Residential and presents a unique opportunity for investment or development in a well-established area. Ideal for builders and astute investors seeking prime real estate.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:Ward 1, Block 16, T.S.No.5/5, present T.S.No. 1/14 J and 1/25.A, in Erumapalayam Village, Rajagopal lay-out, Erumapalayam, Salem
Size:1176 sq.ft.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential plot in Salem, Tamil Nadu. The auction will commence on 20-11-2025 at 01:00 PM and conclude at 02:00 PM on the same day. The reserve price is set at ₹5,16,00,000, with an EMD of ₹51,60,000. This is a significant opportunity to acquire a substantial asset.
Borrower Name:M/s. Sri Vengatachslam Engineering Works Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Viswanathan, Mrs. Uma Karunakaran, Mr. Yogananda Prabhu V, Mr. Gnanashekar .V, Mr. Senthilnathan, Mr. Sarveshwaran
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Salem, a tier 2 city in Tamil Nadu. The reserve price seems high, warranting caution and due diligence. The location within Salem needs to be carefully assessed for potential future development.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134/9362118475/8925964902
