BanksAuctions.com logo

anksAuctions.com

CommercialUpcoming auctionVerified listing

Commercial in NAMAKKAL

NAMAKKAL, Namakkal

Reserve price
₹31.29 Cr
Auction date
10 Feb 2026
11:00 AM
EMD deadline
09 Oct 2025
4:00 PM
Bid increment
₹50,000.00

Auction timeline

Auction starts
10 Feb 2026 at 11:00 AM
Auction ends
10 Feb 2026 at 5:00 PM
EMD submission deadline
09 Oct 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
₹31.29 Cr
Property Identifiers
Bank Property ID
BKIDCBE25112401

Location details

Property Address
of land and building situated in Namakkal Registration District, Namakkal Joint II Sub – Registration, Namakkal Village and town, Salem Road, in old S.F. No. 203 & 204 presently surveyed under the town survey in ward B, Block 1, T.S. No. 6/6, 0.8596.0 Sq.m assessed to Rs.3.30 in the name of Mr.V.Ponnusamy,
Locality: NAMAKKAL
City: Namakkal
District: Namakkal
State: Tamil Nadu
Pin Code: 637001
Country: India

Price history

3 previous auctions
₹31.3Cr9 Oct₹31.3Cr₹31.3CrNow
₹31,28,50,000.00
9 Jan 2026
Commercial
Bank of IndiaPossession: Symbolic
₹31,28,50,000.00
11 Nov 2025
Commercial
Bank of IndiaPossession: Symbolic
₹31,28,50,000.00
9 Oct 2025
Commercial
Bank of IndiaPossession: Symbolic

Borrower & Loan details

Borrower Name
M/s GOAL CLOSURES
Registered Address of Borrower
NO 47/1, GANDHI NAGAR , CO-OPERATIVE COLONY , NAMAKKAL -6370001
Owner
PONNUSAMY V
Ownership of Property
Borrower & Guarantor
Co-Borrower(s)
Late .Vichitraa.R,MR.PONNUSAMY
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Customer ID
174973605
Possession Dates
Symbolic
15 Jun 2024

Additional details

Description
of land and building situated in Namakkal Registration District, Namakkal Joint II Sub – Registration, Namakkal Village and town, Salem Road, in old S.F. No. 203 & 204 presently surveyed under the town survey in ward B, Block 1, T.S. No. 6/6, 0.8596.0 Sq.m assessed to Rs.3.30 in the name of Mr.V.Ponnusamy,0.21 ¾ Acres boundaries: North of : Property of Sengoda Gounder South of : Other lands sold by Vangili Gounder East of : Namakkal to Salem Road West of : Property of Ponnusamy 0.71 ½ Acres boundaries: North of : Property of sengoda Gounder South of : Lands of Ponnusamy East of : Item No.1 and lands sold by Vangili Gounder West of : Property of V.Ponnusamy admeasuring 0.93 1/4 acres of land and buildings constructed in the above said lands bearing D.No.742/142E and electricity service connections, water connection installed to the said building.

EMD Schedule

EMD Start
23 Jan 2026
12:48 PM
EMD Deadline
10 Feb 2026
4:00 PM
Payment Deadline
09 Oct 2025

Inspection Schedule

Inspection Start
24 Jan 2026
11:00 AM
Inspection End
09 Feb 2026
5:00 PM

Officer Details

Authorized Officer
Manjumol P Thomas
Authorised Officer - Scale - IV - CM
Dealing Officer
Karthik N

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹50,000.00
Extension Increment
₹50,000.00
Auto Extension
Enabled
Extension Trigger
Last 2 minutes
Extension Duration
10 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
Property ID
BKIDCBE25112401
Bank of India
Verified seller
Branch: COIMBATORE ASSET RECOVERY-8228
IFSC: BKID

Bank contact

+91 422 4357075+91 95974 32472
Branch Address
Star House 324, Oppanakara Street,Post no 105
Branch IFSC
BKID0008228
Department
COIMBATORE ASSET RECOVERY-8228