Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610548
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 prime plot of land located in Salem, Tamil Nadu. The property is categorized as residential and is being auctioned by City Union Bank under the SARFAESI Act. Its strategic location in Salem offers excellent connectivity and potential for development. Ideal for investors or individuals looking to build their dream home or a commercial venture.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:97/1, D.No.97/1, Kalarampatti Road, Erumapalayam Village, Salem
Size:3100 sq.ft.
Auction Description
City Union Bank presents an exciting SARFAESI auction for a valuable plot in Salem, Tamil Nadu. The auction will commence on November 20, 2025, at 01:00 PM and conclude at 02:00 PM on the same day. The reserve price for this asset is ₹5,16,00,000, with an Earnest Money Deposit (EMD) of ₹51,60,000 required to participate. This is a unique opportunity to acquire a significant property in a developing region.
Borrower Name:M/s. Sri Vengatachslam Engineering Works Private Limited
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land with building in Salem, a potentially valuable location. The reserve price is high but may be justified by the land size and location. Due diligence is needed to assess market value and building condition before bidding.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134/9362118475/8925964902
