70.5 acre Commercial Building for Auction in Karur – Protium Finance Limited

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

70.5 acre (≈ 30,70,980 sq ft)

Reserve price / sq ft

₹8

Locality

—

City

Karur

State

Tamil Nadu

Address

Karur Registration District, Karur West Sub Registration District, Aravakurichi Taluk presently Pugalur Taluk, Punnam Village, S.F.No. 872/3 Hec 1.70.5 Acre 4.21 in this Ac. 3.00 in this Acre 1.50 within the following four boundaries. North of: The property belongs to P.Balakrishnan. South of: The land belongs to Muthusamy Gounder. West of: The 30 feet wide North South pathway and East of: The land in S. F. No. 871. Total Acre 1.50 with R.C.C. commercial building constructed in it bearing Door No. 8/84-1 and 8/84-2 to 14 with property tax and business tax in it and with electricity service connection No. 06-037-014-536 And with right to take men, cattle, cart and other accessories through the 30 feet North South pathway laid from the East West Panchayat Road till the above said land and with mamool pathway rights etc., the above said land has been sub divided as S.F.No 872/3A, Hec. 0.60.75 Patta No. 7353. Together with all other rights, buildings, improvements, and easements appurtenant thereto. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Protium Finance Limited

Branch

Goregaon E

Auction type

SARFAESI Auction

Borrower

Sri N***** P****

Auction start

28 Oct 2026, 11:00 AM

Auction end

28 Oct 2026, 02:00 PM

EMD submission deadline

27 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2410222

Price Check

This listing's reserve price works out to ₹8 per sq ft. The average across commercial bank auctions in Karur on our site is ₹2,985 per sq ft, so this one is 100% 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 2410222), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹24,27,838 before 27 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 28 Oct 2026 starting above the reserve price, in multiples of ₹5,000.
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.