Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610312
Bank Name:TRUHOME FINANCE LIMITED
Branch Name:Head Office : Mumbai
Reserve Price:₹10,00,000
EMD:₹1,00,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 11:30 AM
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
This is a residential plot located in Erode, Tamil Nadu, being auctioned by TRUHOME FINANCE LIMITED. The property is situated in the Erode area, offering a potential opportunity for development or investment. The plot is part of a SARFAESI auction initiated due to default by the borrower, Mrs. Sridevi. This auction presents a chance to acquire land in a developing region.
State:Tamil Nadu
City:Erode
Area:Erode
Asset Category:Residential
Full Address:63, Pachamalai senthilnathan Nagar, Pachamalai senthilnathan Nagar Site No.63, Gobichettipalayam, Modachur Village, New SF No.88/6A1, Gobichettipalayam, Erode
Building/Society:Pachamalai senthilnathan Nagar
Size:1287.5 Sq.ft
Auction Description
TRUHOME FINANCE LIMITED is conducting a SARFAESI auction for a residential plot in Erode, Tamil Nadu. The auction will take place on December 4, 2025, with bidding open from 11:00 AM to 11:30 AM. The reserve price for this plot is ₹10,00,000, and the Earnest Money Deposit (EMD) required is ₹1,00,000. This is a secured asset auction, offering a clear title to the successful bidder.
Borrower Name:Mrs.Sridevi
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Kesavamurthy
Legal Details
Possession Status:Physical
Encumbrance Details:Not known
Why This Property
The property is a plot in Gobichettipalayam, Erode, offered at a reasonable reserve price. While the location is not prime, the potential for residential development makes it a calculated investment opportunity. Auction terms are standard, and further due diligence is advised.
Contact Details
Branch:Branch Office : Head Office : Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
Mr.S.James Clement
Contact no:7200281906
