Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610556
Bank Name:ECL Finance Ltd
Branch Name:Regd Office
Reserve Price:₹9,25,65,000
EMD:₹92,56,500
Auction Time:11 am to 12 pm Noon
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a residential plot located in Coimbatore, Tamil Nadu, being auctioned by ECL Finance Ltd. The property is offered under the SARFAESI Act. It presents a prime opportunity for investment or development in a sought-after urban area.
State:Tamil Nadu
City:Coimbatore
Area:coimbatore
Asset Category:Residential
Full Address:Coimbatore Registration District, Coimbatore Joint Ii Sub-Registration District, Coimbatore Taluk, Telungupalayam Village, S.F.No.554, T.S.No. 12/18, Telungupalayam Village, Coimbatore
Size:6468 sq. ft
Auction Description
ECL Finance Ltd is conducting a SARFAESI auction for a residential plot in Coimbatore, Tamil Nadu. The auction will take place on 20-11-2025, starting at 11:00 AM and concluding at 12:00 PM. The reserve price for this property is ₹9,25,65,000, with an Earnest Money Deposit (EMD) of ₹92,56,500 required to participate. The borrower is M/s Oswal Weldmesh Pvt Ltd.
Borrower Name:M/s Oswal Weldmesh Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Dipak Lunia, Monika Lunia, Vinod Lunia
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Coimbatore, combined with its substantial size, makes it a desirable investment. While the reserve price is significant, the potential for development and appreciation justifies a 'Strong Buy' recommendation, especially given the transparent auction terms and clear title.
Contact Details
Branch:Branch Office : Regd Office
Service Provider:drt.auctiontiger.net
Contact Details:
Maulik Shrimali
Contact no:6351896643
