Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.2
Auction ID:609634
Bank Name:Canara Bank
Branch Name:Nagal Nagar Branch
Reserve Price:₹2,30,84,680
EMD:₹23,08,468
Service Provider:BAANKNET
Important Dates
Submission Date:02-12-2025 05:00 PM
Bid Start Date:2025-12-03
Property Description
Prime plot of land located in the developing area of Thirumangalam, Madurai, Tamil Nadu. This residential land offers a significant opportunity for development or investment in a growing urban center. Its strategic location provides convenient access to local amenities and transportation networks. Ideal for building your dream home or for a lucrative real estate venture.
State:Tamil Nadu
City:Madurai
Area:Thirumangalam
Asset Category:Residential
Full Address:Ward 'E', Block No.7, Vadakarai Village comprised in R.S.No.296/2A, Thirumangalam, Madurai
Size:21215 sq.ft.
Auction Description
Canara Bank presents a SARFAESI auction for a valuable plot of land in Thirumangalam, Madurai. The auction features a competitive reserve price of INR 2,30,84,680.00 with an EMD of INR 23,08,468.00. This is a unique chance to acquire a significant land asset. The auction will be conducted online on 03-12-2025, starting at 11:00 AM and concluding at 01:00 PM. Don't miss this opportunity to invest in Madurai's real estate market.
Borrower Name:Mrs.KANIMOZHI.J
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.KAVITHA
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a large plot of land in a developing area with good potential for appreciation. The location in Thirumangalam, Madurai, adds to its investment appeal, making it a strong buy for long-term gains. The reserve price is reasonable considering the size and location, further bolstering its attractiveness.
Contact Details
Branch:Branch Office : Nagal Nagar Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7046612345
