Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610545
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 prime residential plot located in Salem, Tamil Nadu. Ideal for development, this asset is offered by City Union Bank under SARFAESI provisions. Situated in a well-connected area of Salem city, this plot presents a significant investment opportunity. Don't miss the chance to acquire this valuable piece of real estate.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:Mitta S.Nos 452/1A 462/2A, 467/3A, 468/1.A as per Re-survey Ward 1, Block 16, TS No. 16, New TS No. 1/33 and 1/34 in Erumapalayam Village, Salem Taluk, Salem District, Salem East Registration District, Dadagapatty Sub-Registration District, Erumapalayam, Salem
Size:6631 sq.ft
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential plot in Salem, Tamil Nadu. The bidding opens with a reserve price of ₹5,16,00,000 and requires an EMD of ₹51,60,000. The auction will take place on November 20, 2025, from 01:00 PM to 02:00 PM. This is a unique opportunity to acquire property through a transparent banking auction process.
Borrower Name:M/s. Sri Vengatachslam Engineering Works Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Viswanathan, Mrs. Uma Karunakaran, Mr. Yogananda Prabu, Mr. Gnanashekar, Mr. Senthilnathan, Mr. Sarveshwaran
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable plot of land in Salem, potentially suitable for development. The reserve price seems reasonable given the size, but further due diligence is needed to assess local market conditions and potential returns. It's categorized as a 'Calculated Opportunity' due to its moderate risk and reasonable potential gain.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134/9362118475/8925964902
