1.33 acre Commercial Building for Auction in Madurai – KVB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1.33 acre (≈ 57,934 sq ft)

Reserve price / sq ft

₹1,650

Locality

—

City

Madurai

State

Tamil Nadu

Address

All that piece and parcel of the Land, and Factory Building situated at Madurai District. Madurai North Registration, Alanganallur Sub Registration District, Vadipatti Taluk, Urseri Village, the following items. Item No. 1: Survey No. 200/18 measuring to an extent of 0.21 Acre. Bounded by North Survey No. 202/7B, South Mani Thever land, East -Hiran Agroceuticals Private Ltd Land, West - Hiran Agroceuticals Private Ltd Land. Item No.2: Survey No. 201/10A measuring to an extent of 0.23-1 Acre in its Northern side an extent of 0.10 Acre, in which 4.06 cents gifted to Urseri panchayat and remaining extent measuring 5.91 Cents of 10 cents divided as Survey No.201/10A1 at present subdivision S.No.201/10A1A within Patta No. 106 situated within the following boundaries: - Bounded by: North - Hiran Agroceuticals Private Ltd Land, South Uttam M Hiran Land, East Cart-track, West - Hiran Agroceuticals Private Ltd Land. Item No.. 3: In Madurai District, Madurai North Registration, Alanganallur Sub Registration District, Vadipatti Taluk, Urseri Village, Survey No. 201/10A measuring to an extent of 0.23 Acres in its southern side an extent of 0.13 1 Acres in which 3.37 cents gifted to Urseri Panchayat and remaining extent of 10.04 Cents of 13 Cents now subdivided into as Survey No. 201/10A2 (Subdivision Survey No.201/10A2A) within Patta No.1563 situated within the following boundaries:- Bounded by: North-Hiran Agroceuticals Private Ltd Land, South - Mani Thever land, East - Cart track, West View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Madurai Main

Auction type

SARFAESI Auction

Borrower

M/s. D***** I***** L**

Auction start

30 Sep 2026, 11:00 AM

Auction end

30 Sep 2026, 12:00 PM

EMD submission deadline

29 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2391941

Price Check

This listing's reserve price works out to ₹1,650 per sq ft. The average across commercial bank auctions in Madurai on our site is ₹2,246 per sq ft, so this one is 27% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2391941), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹95,60,000 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 2026 starting above the reserve price, in multiples of ₹5,00,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.