Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610549
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 is a residential plot located in Salem, Tamil Nadu, being auctioned by City Union Bank. The property is part of a SARFAESI auction and belongs to the borrower M/s. Sri Vengatachslam Engineering Works Private Limited.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:Kalarampatty Road, Erumapalayam Village, Salem Taluk, Erumapalayam, Salem
Size:935 sq.ft.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential plot in Salem, Tamil Nadu. The auction has a reserve price of ₹5,16,00,000 and an Earnest Money Deposit (EMD) of ₹51,60,000. The auction will take place on November 20, 2025, starting at 01:00 PM and concluding at 02:00 PM.
Borrower Name:M/s. Sri Vengatachslam Engineering Works Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Viswanathan, Mrs. Uma Karunakaran, Mr. Yogananda Prabhu, Mr. Gnanashekar, 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 developing city in Tamil Nadu. The reserve price is relatively high, indicating potential value, but requires careful assessment of market conditions. It's a calculated opportunity suitable for investors familiar with the local market.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134
