Property for Auction in Sellamanthadi, Dindigul, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609022
Bank Name:Union Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹54,00,000
EMD:₹5,40,000
Bid Increment:₹50,000
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
This is a land auction for a residential property located in Sellamanthadi, Dindigul, Tamil Nadu. The property is being auctioned by the Union Bank of India under the SARFAESI Act. The land offers a prime opportunity for residential development or investment in a growing area. Details regarding the exact size and dimensions of the land parcel will be available in the official auction documents. Prospective buyers are advised to conduct their own due diligence regarding zoning, land use, and any potential encumbrances.
State:Tamil Nadu
City:Dindigul
Area:Sellamanthadi
Asset Category:Residential
Full Address:Survey No. 58/7, village Seelapadi, Karur Road, Sellamanthadi, TA Dindigul, Tamilnadu-624005, Sellamanthadi, Dindigul
Size:19358 Sq Ft
Union Bank of India is conducting an e-auction for a residential land parcel in Sellamanthadi, Dindigul, Tamil Nadu. The auction will take place on 14th November 2025, from 12:00 PM to 05:00 PM. The reserve price for this SARFAESI auction is INR 54,00,000, with an Earnest Money Deposit (EMD) of INR 5,40,000 required to participate. This is a significant opportunity to acquire land in a developing region. Interested bidders must ensure they are aware of all auction terms and conditions, and submit their bids within the specified timeframe.
Borrower Name:M/s Vanipriya Textiles Pvt ltd
Auction Type:SARFAESI Auction
Guarantor Names:M/s K S Yarn Synthetics LLP, Mr. Sagar Kamal Birla, Mrs. Uma Kamal Birla
Possession Status:Symbolic
Encumbrance Details:Not known to A.O.
The property is a land in Dindigul, offered at a reasonable reserve price. While the location might not be prime, the size and clear title present a calculated investment opportunity. Terms of the auction are standard, making it a manageable risk for investors seeking land assets.
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8088980811