IndustrialUpcoming auctionVerified listing
Industrial in MODAKURICHI
MODAKURICHI, Chinniampalayam
Reserve price
₹2.79 Cr
Auction date
10 Mar 2026
11:00 AM
EMD deadline
28 Jan 2026
4:00 PM
Bid increment
₹50,000.00
Location details
Property Address
Land and factory building situated in Erode Registration District, Aval Poondurai Sub Registration District, Modakkurichi Taluk, Nanjai Uthukuli ‘B’ Village , Resurvey No.727/2B ; Punjai Ha 1.25.0 in Kist Rs.1.73(Old SF No.377),as per new sub division Resurvey No.727/2B2A2 ,Punjai Acre 0.22.44 Ars of land in this Patta No.1777 owned by Mr.N.Kulandasamy and Mr.K.Abinantha Gangeyan
Locality: MODAKURICHI
City: Chinniampalayam
District: Erode
State: Tamil Nadu
Pin Code: 638104
Country: India
Auction timeline
Auction starts
10 Mar 2026 at 11:00 AM
Auction ends
10 Mar 2026 at 5:00 PM
EMD submission deadline
28 Jan 2026 at 4:00 PM
EMD must be submitted before this time to be eligible to bid.
Property overview
Type
Industrial
Sub Type
Industrial Plot with Factory Building
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹2.79 Cr
Property Identifiers
Bank Property ID
BKIDCBE28012606
Collateral ID
MALAIPALAYAM
Property Images
Price history
1 previous auctions₹2,78,50,000.00
28 Jan 2026
Industrial
Bank of IndiaPossession: SymbolicBorrower & Loan details
Borrower Name
M/s MALAIPALAYAM MILK DAIRY
Registered Address of Borrower
2/624 ARANMANAI THOTTAM, KARUR MAIN ROAD, SAVADIPALAYAM PUDUR , NANJAI UTHUKULI, MODAKURICHI-638104
Owner
KULANDASAMY & ABINANTHAN
Co-Borrower(s)
RAJESHWARI,KULANDASAMY,ABINANTHA G
NPA Amount
₹1.31 Cr
NPA Date
18 Sept 2024
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Collateral ID
MALAIPALAYAM
Customer ID
205042685
Additional details
Property USP
INDUSTRIAL BUILDING
Description
Land and factory building situated in Erode Registration District, Aval Poondurai Sub Registration District, Modakkurichi Taluk, Nanjai Uthukuli ‘B’ Village , Resurvey No.727/2B ; Punjai Ha 1.25.0 in Kist Rs.1.73(Old SF No.377),as per new sub division Resurvey No.727/2B2A2 ,Punjai Acre 0.22.44 Ars of land in this Patta No.1777 owned by Mr.N.Kulandasamy and Mr.K.Abinantha Gangeyan
EMD Schedule
EMD Start
27 Feb 2026
11:56 AM
EMD Deadline
10 Mar 2026
4:00 PM
Payment Deadline
28 Jan 2026
Inspection Schedule
Inspection Start
28 Feb 2026
11:00 AM
Inspection End
09 Mar 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
Collateral ID
MALAIPALAYAM
Property ID
BKIDCBE28012606
Property Images
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 105Branch IFSC
BKID0008228Department
COIMBATORE ASSET RECOVERY-8228