Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612564
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,81,00,000
EMD:₹28,10,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential plot located in Komarapalayam, Namakkal, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI Act. It is an ideal opportunity for developers or individuals looking to acquire land in a growing area.
State:Tamil Nadu
City:Namakkal
Area:Komarapalayam
Asset Category:Residential
Full Address:1/87B, Door No.1/87B, In R.S.No. 115/1 (Old S.F.No. 115/1) Patta No.2226, Katheri Village, Namakkal
Size:43600 Sq.ft
Auction Description
Canara Bank is conducting an e-auction for a valuable plot of land in Komarapalayam, Namakkal, Tamil Nadu. This SARFAESI auction has a reserve price of ₹2,81,00,000 and requires an EMD of ₹28,10,000. The auction will take place on November 24, 2025, from 11:30 AM to 12:30 PM. Don't miss this chance to bid on this significant real estate asset.
Borrower Name:M/s.Indhirani Rolling Mills
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Rasu (Late), Mr.R.Kumaresan, Mrs. R.Indhirani, Mrs. Poongodi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable plot in a developing area, making it a potentially valuable investment. The reserve price seems reasonable considering the size and location. The symbolic possession status, however, requires further due diligence.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
The Authorised Officer
Contact no:9489043584
