Plot for auction Kaarai East Village Ariyalur 71 lakh Canara Bank

A prime residential plot located in Ariyalur, Perambalur, Tamil Nadu. This asset, previously associated with M/s. Vinayaga Ginning Mill, offers a great opportunity for development or personal use in a developing region. The property is available through a SARFAESI auction, presenting a unique chance to acquire land in a sought-after area. Its categorization as residential land makes it suitable for building your dream home or for investment purposes.

Canara Bank is conducting a SARFAESI auction for a residential plot in Ariyalur, Perambalur, Tamil Nadu. The bidding starts with a reserve price of ₹71,15,000.00, and an Earnest Money Deposit (EMD) of ₹7,11,500.00 is required to participate. The auction will take place on November 29, 2025, running from 11:00 AM to 12:00 PM. This is a direct opportunity to purchase property directly from the bank under the SARFAESI Act.

The property presents a decent investment opportunity due to its location in a developing area of Tamil Nadu and the relatively affordable reserve price. While not a prime location, the land's size and accessibility make it a calculated risk worth considering. Further due diligence is recommended to assess the potential for future appreciation.