Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612957
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹62,10,000
EMD:₹6,21,000
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 the Ammapet area of Erode, Tamil Nadu. The property is offered by Canara Bank through a SARFAESI auction. Ideal for residential development, this land presents a significant investment opportunity in a growing urban center. Its strategic location ensures good connectivity and access to local amenities.
State:Tamil Nadu
City:Erode
Area:Ammapet
Asset Category:Residential
Full Address:In R.S.No.994/2 (Old S.F. Nos 1,2), Patta No 2260, Kurichi Village, Erode
Size:2287 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable piece of land in Ammapet, Erode, Tamil Nadu. The auction has a reserve price of INR 62,10,000 and requires an EMD of INR 6,21,000. The auction will take place on November 24, 2025, commencing at 11:30 AM and concluding at 12:30 PM. This is a fantastic opportunity to acquire a residential asset through a transparent banking auction process.
Borrower Name:M/s. Indhirani Rolling Mills
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Rasu (Late), Mr. R.Kumaresan, Mrs. R.Indhirani, Mrs. Poongodi, Mr. R. Kumaresan, Mrs. R.Indhirani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a decent sized land in Erode with a relatively moderate reserve price. The auction terms are standard, and the location is accessible. While not a prime investment, it presents a calculated opportunity for those familiar with the local market.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
