Industrial land & Building for sale in Tiruchirappalli, Tiruchirappalli, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 30/Dec/2024 10:00 
Assets Code: BOA-EB-49623
Ownership Type: Any Other (Including Ownership Conferred by State Law) 
Status of Possession: Physical
Carpet Area: None
Builtup Area: NA
Address
M/S THAI BIOTECH Plot No.S7, GK Industrial Park. Reddimangudi Village, Lalgudi Taluk, Trichy 621105
Additional Details
All that part and parcel of land consisting of industrial site along with construction thereon including office room, industrial shed & toilet in Plot no.S-7 measuring 0.33 acre comprised in Survey No.307/2E1, 308/2A2 & A3 of G.K. Industrial park,Siruganur, Reddimangudi Village in Lalgudi Taluk, Trichy District , Tamil Nadu within the Registration District of Trichy and Sub Registration Office at Lalgudi Taluk with the following boundaries :North by : S-6 SME Unit East by : 78’6” wide road,South by : 39’3” wide road,West by : S-8 SME Unit.
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
