Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610550
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 residential plot located in Salem, Tamil Nadu. The property is part of a SARFAESI auction conducted by City Union Bank. Ideal for development or investment, this plot offers a great opportunity in a developing area.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:Ward I, Block 16, New T.S.No.1/34, 1/34 A and 1/34 H in Erumapalayam Village, Salem Taluk Salem District, Dadagapatty Sub-Registration District, with building constructed thereon bearing D.No.88, Kalarampatti Road, Erumapalayam Village, Salem
Size:1545 sq.ft.
Auction Description
City Union Bank is holding a SARFAESI auction for a residential plot in Salem, Tamil Nadu. The auction has a reserve price of ₹5,16,00,000 and an EMD of ₹51,60,000. The bidding will take place on November 20, 2025, between 01:00 PM and 02:00 PM. This is a prime opportunity to acquire a valuable 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, which can be a good investment. However, the high reserve price and lack of specific details about the location within Salem require a calculated approach. Further due diligence is recommended to assess the property's true potential and value.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134
