Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612570
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹66,00,000
EMD:₹6,60,000
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 Bhavani, Erode, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. The plot offers a great opportunity for residential development in a well-connected area. It is an ideal location for building your dream home or as an investment opportunity.
State:Tamil Nadu
City:Erode
Area:Bhavani
Asset Category:Residential
Full Address:Kurichi village in R.S.No.994, New Sub division No. 1187/10 (Old S.F.No.21) Patta No.256, Door No.654, Kurichi village in R.S.No.994, New Sub division No.994/2 (Old S.F.Nos. 1,2) Patta No. 1484, Door No.655, Kurichi Village, in R.S.No.994, New Sub Division No.994/2 (Old S.F.Nos 1, 2) Patta No.1484, Kurichi, Bhavani, Erode, Tamil Nadu
Size:4974.5 Sq.Ft
Auction Description
Canara Bank is conducting an e-auction for a residential plot in Bhavani, Erode, Tamil Nadu. The auction will be held on November 24, 2025, from 11:30 AM to 12:30 PM. The reserve price for this SARFAESI auction is ₹66,00,000, with an Earnest Money Deposit (EMD) of ₹6,60,000. This is a prime opportunity to acquire a valuable plot of land. Interested bidders are encouraged to review all auction terms and conditions on the bank's portal.
Borrower Name:M/s. Indhirani Construction
Auction Type:SARFAESI Auction
Guarantor Names:Poongodi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing locality. The price seems reasonable, but further due diligence is needed to check for encumbrances. It could be a calculated opportunity for long-term investment.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:9489043584
