Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:614299
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹13,40,000
EMD:₹1,34,000
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:25-11-2025 10:30 AM
Property Description
A vacant residential plot located in Palani, Dindigul, Tamil Nadu. This plot offers a prime opportunity for development in a growing area. The property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for individuals or developers looking to invest in real estate with clear title and ownership.
State:Tamil Nadu
City:Dindigul
Area:Palani
Asset Category:Residential
Full Address:Plot No.1, Plot No.2, Plot No.3, Plot No.4, Plot No.5, Plot No.6, Plot No.7, Plot No.8, Plot No.9, Plot No.10, Plot No.11, Plot No.12, Plot No.13, Plot No.14, Plot No.15, Plot No.16, Plot No.17, Plot No.18, Plot No.19, Plot No.20, Plot No.21, Plot No.22, Plot No.23, Plot No.24, Plot No.25, Vasantham Nagar, S.No.610/2A & 2B, Vasantham Nagar, Marampadi Village, Vedasandur Taluk, Dindigul District, Palani, Marampadi Village, Palani
Building/Society:Vasantham Nagar
Size:Total area of plots varies Sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Palani, Dindigul, Tamil Nadu. The auction has a reserve price of ₹13,40,000 and requires an EMD of ₹1,34,000. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. This is a significant opportunity to acquire a plot in a sought-after location.
Borrower Name:M/s. Red Sun International
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property consists of multiple plots of land in Palani, offering a diverse range of sizes. The reserve price seems reasonable, making it a calculated opportunity for investors interested in land acquisition. However, thorough due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
