Plot for auction Kailasampalayam Namakkal 3 Cr State Bank of India

Prime residential plot located in Kailasampalayam, Namakkal, Tamil Nadu. This SARFAESI auction property, formerly associated with Summer India Textile Mills (P) Ltd, offers a significant investment opportunity in a developing area. Ideal for residential development, the plot presents a blank canvas for future construction. Its strategic location provides good connectivity and access to local amenities. Don't miss this chance to acquire a valuable asset at a competitive reserve price.

State Bank of India presents a SARFAESI auction for a residential plot in Kailasampalayam, Namakkal, Tamil Nadu. The auction, initiated by State Bank of India, has a reserve price of ₹3,10,00,000 and requires an EMD of ₹31,00,000. Bidding will commence on November 10, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. This is a unique opportunity to purchase property directly from the bank under SARFAESI proceedings. All interested bidders are advised to review the auction terms and conditions thoroughly before participating.

The property, a sizable plot of land in Kailasampalayam, offers considerable potential for agricultural or developmental ventures. With a reasonable reserve price and clear auction terms, it represents a strong buying opportunity, especially given its location and size. However, potential buyers should conduct thorough due diligence.