Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612569
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹45,00,000
EMD:₹4,50,000
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 prime plot of land located in Komarapalayam, Namakkal, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It is situated in a developing area with potential for residential use. The plot offers a great opportunity for investment or construction. Don't miss this chance to acquire a valuable asset in a growing region.
State:Tamil Nadu
City:Namakkal
Area:Komarapalayam
Asset Category:Residential
Full Address:D.No.7/235-1, New D.No.1/87A, Re SF No.115/1, Near Balan Nagar, Katheri Village, Rajam Theater via, Komarapalayam, Namakkal
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Komarapalayam, Namakkal, Tamil Nadu. The auction will take place on November 24, 2025, from 11:30 AM to 12:30 PM. The reserve price for this asset is INR 45,00,000, with an Earnest Money Deposit (EMD) of INR 4,50,000 required to participate. This is a fantastic opportunity to bid on a property formerly associated with M/s. Indhirani Rolling Mills.
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 an industrial plot in Komarapalayam. Given the moderate reserve price and symbolic possession, it is a calculated opportunity suitable for informed investors familiar with the local market.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:9489043584
