Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610407
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹16,55,000
EMD:₹1,65,500
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-18
Property Description
This is a prime plot of land located in Tiruppur, Tamil Nadu, offered by Canara Bank through a SARFAESI auction. Situated in the bustling city of Tiruppur, this residential land presents a unique opportunity for development or investment. The property is conveniently located within the Tiruppur area, offering accessibility and potential for growth. Don't miss this chance to acquire land in a developing region.
State:Tamil Nadu
City:Tiruppur
Area:Tiruppur
Asset Category:Residential
Full Address:Solipalayam 4th street, Velampalayam, Tiruppur, Velampalayam, Tiruppur
Size:1296 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable plot of land in Tiruppur, Tamil Nadu. The auction will take place on November 18, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this land is set at ₹16,55,000, with an Earnest Money Deposit (EMD) of ₹1,65,500 required to participate. This is a fantastic opportunity for interested buyers to acquire property through a transparent auction process.
Borrower Name:M/s. GS Electronics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. R Gopalsamy, Mrs. Saranya J
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in Tiruppur, offered at a reasonable reserve price. While the location offers potential, the auction terms and EMD suggest a calculated approach is necessary. It could be a viable investment depending on local market conditions and future development prospects.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
