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

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.

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.

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.