Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610275
Bank Name:Punjab National Bank
Branch Name:Stressed Asset Management Branch
Reserve Price:₹2,93,00,000
EMD:₹29,30,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 04.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in Meelavittan, Tuticorin, Tamil Nadu. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It is an excellent opportunity to acquire land in a developing area. The plot is suitable for residential development.
State:Tamil Nadu
City:Tuticorin
Area:Meelavittan,
Asset Category:Residential
Full Address:D.11(A), SIPCOT'S Industrials Complex, Plot No.D.11(A) in the SIPCOT'S Industrials Complex Tuticorin, Meelavittan, Tuticorin
Building/Society:SIPCOT'S Industrials Complex
Size:1.09 acres
Auction Description
Punjab National Bank is conducting an e-auction for a residential plot in Meelavittan, Tuticorin, Tamil Nadu. The auction will take place on 26th November 2025, from 11:00 AM to 04:00 PM. The reserve price is ₹2,93,00,000 and the Earnest Money Deposit (EMD) is ₹29,30,000. This is a SARFAESI auction. Interested bidders are advised to review all auction terms and conditions before participating.
Borrower Name:M/s.RADIUM INDUSTRIES
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.Anantha kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a leasehold plot in an industrial complex, offering potential for industrial use. The reserve price is considerable, requiring careful assessment of market value and lease terms. Given its location and type, it represents a calculated investment opportunity with moderate risk.
Contact Details
Branch:Branch Office : Stressed Asset Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
