Land and Building at Madurai District, Madurai North Taluk, Thiruppalai Village

Listing ID:2278142
Listing Type:Sarfaesi Auction
Institution:Karur Vysya Bank Ltd
Institution Branch:Asset Recovery Branch
Contact Details:Contact The Authorized Officer: ARB Chief Manager - 95855 95881, Recovery Officer-9944054594, Madurai Main Branch Manager - 9585552876, Sales Team Head-9047012170, Sales Recovery Officer - 8925982893 Email:kvbl1859@kvbmail.com, arbmadurai@kvbmail.com
Auction Details:E-Auction
Borrower Name:M/s. Daspan Industries
Property Type:Land & Building
Property Details:Property extent of 5600.sq.ft. together with a building constructed GF1664.5 sqft and FF1108.5 sqft
Schedule of Property:Property No:1 SCHEDULE-A: All that piece and parcel of the House situated at Madurai District, Madurai North Taluk, Thiruppalai Village in Survey No. 58/1 measuring to an extent of 4.57 Acre in its Northern side 3.04 Acre in it Southern side 1 Acre in which 99 Cent divided into several house plots where under Plot No.2 Bounded by: North - Road, East - Plot No. 1. South- Land sold by Diwan Mydeen Rawther, West - Plot number.3. Within the said boundaries plot measuring about East-West 70 feet on the both sides, North-South 80 feet on both sides. Total an extent of 5600.sq.ft. together with a building constructed GF1664.5 sqft and FF1108.5 sqft, there in assessed to property tax assessment No.673477 of Madurai Corporation bearing Door No.59. Sri Nagar, Thiruppalai, Madurai with Electric connection No.05-015-010-175 with all its amenities and affixtures etc. Within Sub-division Survey No. 58/1A14 and Within Patta No. 777, Within the Jurisdiction of the Sub-Registrar, Chokkikulam. The said property standing in the name of Mr. Uttam M Hiran.
City/State:Madurai
Inspection Details:For Inspection Contact The Authorized Officer: ARB Chief Manager - 95855 95881,
Possession Status:---
Reserve Price:23000000
EMD:2300000
Minimum Increment:100000
DSC Required:No
Accept Reserve Price value as First Bid:No
Start Date and Time of Auction:08-07-2026 3:00 pm
End Date and Time of Auction:08-07-2026 4:00 pm
Time Extensions:If bid is placed in the last 5 minutes of auction, The auction end time will increase by 5 minutes.
Application Submission Deadline:07-07-2026 5:00 pm
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