Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610413
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹70,05,000
EMD:₹7,00,500
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18.11.2025
Property Description
This is a prime plot of land located in the well-developed area of Peelamedu, Coimbatore, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for residential development, this plot offers a great investment opportunity in a sought-after locality. Situated in a city known for its industrial and educational hubs, the location provides excellent connectivity and access to essential amenities.
State:Tamil Nadu
City:Coimbatore
Area:Peelamedu
Asset Category:Residential
Full Address:Site No.26, Site No.25, Site No.27, Ramasamy Layout, Krishnarayapuram Village G.S.Nos. 122, (as per Sub Division G.S.No. 122/1) G.S.No.117, Peelamedu, Coimbatore
Building/Society:Ramasamy Layout
Size:10368 Sq.ft
Auction Description
Canara Bank presents a SARFAESI auction for a residential plot in Peelamedu, Coimbatore. The auction will commence on November 18, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price for this property is ₹70,05,000, with an Earnest Money Deposit (EMD) of ₹7,00,500 required to participate. This is a direct opportunity to acquire property from the bank.
Borrower Name:M/s Primecot mills
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Jeevitha V, Mr. Nithyanandakumar S, Mrs. Sophia David, Mr. Sathyanarayanan R
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot located in Peelamedu, Coimbatore, with a decent area. However, the location details are generic. With a reserve price of ₹7005000, further investigation into market value is needed to assess profitability.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
