Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609479
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹18,00,000
EMD:₹1,80,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-21
Bid Start Date:2025-11-21
Property Description
This is a prime residential plot located in Kaniyur, Tiruppur, Tamil Nadu. It is an excellent investment opportunity for those looking to build their dream home or develop a property in a growing area. The property is being auctioned by City Union Bank under SARFAESI guidelines.
State:Tamil Nadu
City:Tiruppur
Area:Kaniyur
Asset Category:Residential
Full Address:Kolumam Village, S.F.No.358/E.P.Ac.0.78, Kist Rs.0.44, Kolumam, Tiruppur
Size:0.38 Ac
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential plot in Kaniyur, Tiruppur. The auction will take place on November 21, 2025, between 1:00 PM and 2:00 PM. The reserve price is set at ₹18,00,000, with an Earnest Money Deposit (EMD) of ₹1,80,000 required. This is a great chance to acquire a valuable asset.
Borrower Name:M/s. Mercury Internationals
Auction Type:SARFAESI Auction
Guarantor Names:Mr. T. Mahendran, Mr. N. Thirumalaisamy
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in a developing area, offered at a reasonable reserve price. While the location may not be prime, the auction terms are standard. Investors should carefully evaluate the land's potential use and local market conditions before bidding.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:0421-2216124
