Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609298
Bank Name:Canara Bank
Branch Name:TRICHY ARM BRANCH
Reserve Price:₹95,63,000
EMD:₹9,56,300
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a bank auction of a commercial shed located in Sendamangalam, Namakkal, Tamil Nadu. The property is categorized as industrial asset and is being auctioned by Canara Bank under the SARFAESI Act. It is situated in a well-known area within Namakkal city. Ideal for industrial or warehousing purposes, this shed presents a significant opportunity for investors and businesses.
State:Tamil Nadu
City:Namakkal
Area:Sendamangalam
Asset Category:Industrials
Full Address:Kondammanaickenpatti Village, S.No 125/3A, Sendamangalam, Namakkal
Size:50.50 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for an industrial shed in Sendamangalam, Namakkal, Tamil Nadu. The auction has a reserve price of INR 9,563,000 and requires an Earnest Money Deposit (EMD) of INR 956,300. The auction will take place on November 20, 2025, starting at 11:00 AM and concluding at 12:00 PM. This is a prime opportunity to acquire an industrial property in a developing region.
Borrower Name:M/s KCS Fabrics
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Dheenadhayalan K
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property's industrial nature and location in Namakkal present a calculated opportunity. The reserve price requires careful evaluation against potential returns, and auction terms should be thoroughly reviewed before bidding. While the location offers promise, a detailed market analysis is recommended.
Contact Details
Branch:Branch Office : TRICHY ARM BRANCH
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no:0431-2416067
