Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610470
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹3,61,80,000
EMD:₹36,18,000
Bid Increment:₹1,00,000
Auction Time:10:00 am to 4:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:21-11-2025 04:00 PM
Bid Start Date:2025-11-21
Property Description
This is a residential plot located in Virudhunagar, Virudhunagar, Tamil Nadu. The property is being auctioned by Punjab National Bank under the SARFAESI Act. It's an excellent opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Virudhunagar
Area:Virudhunagar
Asset Category:Residential
Full Address:Door No. 153/23P, Assessment No. 3783 lies in Town Survey Ward No. 1, Block No.1, Town Survey No. 21 part in Railway Feeder Road, Railway Feeder Road, Virudhunagar
Size:17370.13 Sq. Feet
Auction Description
Punjab National Bank is conducting an e-auction for a residential plot in Virudhunagar, Tamil Nadu. The auction will be held on November 21, 2025, from 10:00 AM to 04:00 PM. The reserve price is ₹3,61,80,000, with an Earnest Money Deposit (EMD) of ₹36,18,000. This is a SARFAESI auction.
Borrower Name:M/s. MNR Ramprasanna
Auction Type:SARFAESI Auction
Guarantor Names:Mr. N. Ramasubramanian, Mr. N. Ramadoss
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a large plot in Virudhunagar being auctioned by Punjab National Bank. Given the symbolic possession and the location, it presents a calculated opportunity, contingent on a thorough assessment of the local market and potential for future development.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
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