Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610543
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 under SARFAESI rules. The property is situated in the Salem area and is offered as a plot. This auction presents a unique opportunity to acquire land in a well-established location.
State:Tamil Nadu
City:Salem
Area:Salem
Asset Category:Residential
Full Address:D.No. 88, S.No. 1/331, in Ward 1, Block 16, New TS:1/331 S in Erumapolayam Village, Erumapolayam Village, Salem
Size:695 sq.ft.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential 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 auction is 5,16,00,000, with an Earnest Money Deposit (EMD) of 51,60,000. The property is associated with the borrower M/s. Sri Vengatachslam Engineering Works Private Limited.
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 represents a calculated opportunity due to its location in Salem and its land size. While the reserve price is relatively high, the location could make it a viable investment. Further due diligence is recommended to assess its market potential and any associated risks.
Contact Details
Branch:Branch Office : kumbakonam
Service Provider:Public Auction
Contact Details:
Contact no:04272-260134/9362118475/8925964902
