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Commercial in KARUR

KARUR, Karur

Reserve price
₹18.47 Cr
Auction date
06 Mar 2026
11:00 AM
EMD deadline
24 Sept 2025
4:00 PM
Bid increment
₹10,00,000.00

Location details

Property Address
SF. No. 1724/1,2,3, 1725, 1726 Situated At Door Nos 8/105-1, 8/105-2 & /105-3, Amaravathi Nagar, Andankovil Road, Andankoil East Village, Manmangalam Taluk, Karur, Karur, 639006
Locality: KARUR
City: Karur
District: Karur
State: Tamil Nadu
Pin Code: 639002
Country: India
Nearest Airport / Railway Station / Bus Stand
TRICHY

Auction timeline

Auction starts
06 Mar 2026 at 11:00 AM
Auction ends
06 Mar 2026 at 4:00 PM
EMD submission deadline
24 Sept 2025 at 4:00 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Commercial
Sub Type
Office
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹20.52 Cr
Property Identifiers
Bank Property ID
SBINKANGAROO3
CERSAI ID
200012974781
Collateral ID
S000236930042

Property Images

Price history

3 previous auctions
₹20.5Cr24 Sep₹18.5Cr₹18.5CrNow↓ 10.0% down
₹18,47,00,000.00
28 Jan 2026
Commercial
State Bank of India logoState Bank of IndiaPossession: Symbolic
₹20,52,00,000.00
29 Oct 2025
Commercial
State Bank of India logoState Bank of IndiaPossession: Symbolic
₹20,52,00,000.00
24 Sep 2025
Commercial
State Bank of India logoState Bank of IndiaPossession: Symbolic

Borrower & Loan details

Borrower Name
KANGAROO HOMETEX INDIA PRIVATE LIMITED
Registered Address of Borrower
SF No. 1726, AMARAVATHY NAGAR, ANDANKOVIL POST, KARUR, TAMILNADU. Pin: 639002
Owner
Paneerselvam V A
Ownership of Property
Guarantor Cum Mortgagor
Co-Borrower(s)
KANGAROO FABRIC,THIRUMAGAL DYEING WORKS
NPA Amount
₹52.34 Cr
NPA Date
27 Oct 2021
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
S000236930042
Customer ID
86063079423
Demand Notice
Notice Date
15 Nov 2021
Notice Amount
₹52.34 Cr
Asset Classification
Classification Date
27 Oct 2023
Classification ID
4
Possession Dates
Symbolic
24 Jan 2022

Additional details

Property USP
.
Description
(1)Factory Land & Buildings Bearing Survey Number : 1724/1,2,3, Situated At Door Nos 8/105-1, 8/105-2 & /105-3, Amaravathi Nagar, Andankovil Road, Andankoil East Village, Manmangalam Taluk, Karur, Karur, 639006, Admeasuring Total Area : 0.8625 Acres (2) Factory Land & Buildings Bearing Survey Number : 1725, Situated At Door Nos 8/105-1, 8/105-2 & /105-3, Amaravathi Nagar, Andankovil Road, Andankoil East Village, Manmangalam Taluk, Karur, Karur, 639006, Admeasuring Total Area : 1.19 Acres (3) Factory Land & Buildings Bearing Survey Number : 1726, Situated At Door Nos 8/105-1, 8/105-2 & /105-3, Amaravathi Nagar, Andankovil Road, Andankoil East Village, Manmangalam Taluk, Karur, Karur, 639006, Admeasuring Total Area : 0.82 Acres. belonging to Sri V A Panneerselvam, S/o P Ammaiyappan

EMD Schedule

EMD Start
27 Feb 2026
11:58 AM
EMD Deadline
06 Mar 2026
4:00 PM
Payment Deadline
24 Sept 2025

Inspection Schedule

Inspection Start
27 Feb 2026
11:00 AM
Inspection End
27 Feb 2026
4:00 PM

Officer Details

Authorized Officer
RUPALINGAPPA R
Authorised Officer - Scale - V - AGM
Dealing Officer
M PRADEEP, MANAGER, SAMB COIMBATORE

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹10,00,000.00
Extension Increment
₹10,00,000.00
Auto Extension
Enabled
Extension Trigger
Last 10 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Collateral ID
S000236930042
CERSAI ID
200012974781
Property ID
SBINKANGAROO3

Nearby Amenities

Nearest Station
TRICHY
State Bank of India logo
State Bank of India
Verified seller
Branch: SAMB COIMBATORE-16454
IFSC: SBIN

Bank contact

+91 99494 02663+91 91596 88238
Branch Address
1112, RAJA PLAXA AVINASHI ROAD COIMBATORE
Branch IFSC
SBIN0030462
Department
SAMB COIMBATORE-16454