Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610323
Bank Name:Bank of Maharashtra
Branch Name:Coimbatore Zonal Office
Reserve Price:₹16,30,000
EMD:₹1,63,000
Bid Increment:₹25,000
Auction Time:01:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-15
Bid Start Date:2025-11-17
Property Description
This is a SARFAESI auction of land located in Palayamkottai taluk, Palayamkottai, Tamil Nadu. The property is owned by Smt. Saraswathi M and falls under the residential asset category. It represents an opportunity to acquire land in a well-established area.
State:Tamil Nadu
City:Palayamkottai
Area:Palayamkottai taluk
Asset Category:Residential
Full Address:Plot No:75, Angel Nagar, Reddiarpatti village, Ayan Punjai Survey no.202, after deducting 1 Acre 11 Cents divided into house site plots in the name and styled as 'Angel Nagar' after sub division now identified with in Survey No. 202/3B, Survey No. 202/1A, Reddiarpatti, Palayamkottai
Building/Society:Angel Nagar
Size:1320.25 Sq.feet
Auction Description
Bank of Maharashtra is conducting a SARFAESI auction for a residential land property in Palayamkottai, Tamil Nadu. The auction will take place on November 17, 2025, from 01:00 PM to 05:00 PM. The reserve price for this auction is ₹16,30,000, with an Earnest Money Deposit (EMD) of ₹1,63,000. This is a prime opportunity to bid on valuable land.
Borrower Name:Smt. Saraswathi M
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Palayamkottai presents a calculated opportunity due to its location and relatively accessible reserve price. The symbolic possession status and need for bidder due diligence warrant careful consideration before investing. It is a potentially profitable venture for investors familiar with the local real estate market and auction processes.
Contact Details
Branch:Branch Office : Coimbatore Zonal Office
Service Provider:BAANKNET
Contact Details:
Raju.R
Contact no:8848664711
