Plot for auction Erumapalayam Village Salem 5 Cr City Union Bank Limited

Property for Auction in Salem, Salem, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.8
Size
4323 sq.ft.
Reserve Price
5,16,00,000
Reserve Price
5,16,00,000
EMD Required
51,60,000
Property Specifications
Size4323 sq.ft.
Unit No.97/1
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Plot
Location IconLocation:
Salem, Salem
Auction Date IconAuction Date:
20-11-2025 01:00 PM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:610547

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, offered by City Union Bank. Situated in the Salem area, this residential plot presents a valuable investment opportunity. The property is being auctioned under the SARFAESI Act. Ideal for development or as a strategic land holding, its location in a well-established city ensures accessibility and potential for future appreciation. The clear title and bank's reputable sale process provide added confidence for prospective buyers.

State:Tamil Nadu

City:Salem

Area:Salem

Asset Category:Residential

Full Address:97/1, D.No.97/1, Kalarampatti Road, Erumapalayam Village, Salem Taluk, Erumapalayam Village, Salem

Size:4323 sq.ft.

Auction Description

City Union Bank is conducting a SARFAESI auction for a residential plot in Salem, Tamil Nadu. The auction will take place on November 20, 2025, from 01:00 PM to 02:00 PM. The reserve price for this property is ₹5,16,00,000, with an Earnest Money Deposit (EMD) of ₹51,60,000 required to participate. This is a unique chance to acquire a significant asset directly from the bank, offering a transparent and secure bidding process. Interested parties are encouraged to review all auction terms and conditions before the bidding period.

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 land parcel in Salem with a decent location, but the reserve price seems high. It could be a reasonable investment if acquired at a price significantly below the reserve. The auction terms seem standard, requiring careful due diligence before bidding.

Contact Details

Branch:Branch Office : kumbakonam

Service Provider:Public Auction

Contact Details:

Contact no:9362118475

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