u/EngineeringMoist3071

I know posts like this can seem sketchy so let me be upfront about everything from the start.
My family owns a commercial building in Tiruppur, Tamil Nadu. It is currently operating as a saree and textile retail store. We are looking to sell the property and we are open to serious buyers, investors, or NRI individuals looking to put money into Indian commercial real estate.
About the property:
The building is a commercial space in Tiruppur with significant investment done in interiors, fixtures, and retail setup. We are valuing it between 12 to 15 crore based on the location, construction quality, and what has been put into it. Tiruppur is one of the fastest growing textile and export hubs in South India with consistent economic activity, infrastructure growth, and business migration into the city. This is not a dying market. It is a city that is expanding.
Why are we selling:
I will be honest because I think transparency is the only way to have a real conversation. The business has been running on a bank loan and the retail environment has been difficult for us specifically. We are a family that went all in on this and it has not worked out the way we planned. We want to exit cleanly, repay our obligations, and move on. There is no litigation on the property itself. We are not running from anything. We just want a fair deal with someone who sees the long term value of the asset.
What we are willing to share with serious buyers:
Full property documents and ownership papers. Bank loan details and outstanding amount so you know exactly what you are stepping into. Independent valuation report, we are happy to get one done if the buyer requires it. Sale deed history and all municipal approvals. Any other due diligence document a buyer or their lawyer asks for. We are not doing anything under the table. We want a clean registered transaction.
Who this could work for:
An NRI from Tamil Nadu or anywhere else looking to invest back home in a solid commercial asset. Someone who wants to run a retail, showroom, or any business operation out of a ready built fully fitted commercial space in Tiruppur. A family or group looking to pool money into a tangible Indian property. Someone who understands the growth trajectory of tier 2 textile cities in Tamil Nadu and wants to get in at a motivated seller price.
A little about Tiruppur for those who don’t know:
Tiruppur is known globally as the knitwear and garment export capital of India. The city has seen massive infrastructure upgrades, rising population, and increasing commercial demand over the last decade. Owning commercial real estate here is not a gamble. It is a long term hold with strong upside.
What we are NOT looking for:
Time wasters or people looking to lowball without even seeing the property. Anyone wanting a cash only or undocumented deal. We want this clean, legal, and straightforward.
If you are genuinely interested or know someone who might be, please DM me. I will share the exact location, photos, property documents, and all details with anyone who is serious. I am available for a video call as well if needed.
This is a real family, a real property in a real growing city, and a genuine opportunity. Just looking for the right person who sees the long term value in what we are offering.

So I don’t even know where to start but I need some advice from people who actually know business and finance because my father is not listening to me and I feel like we are standing at the edge of a cliff.
We have a commercial building in a tier 2 city where we run a saree store. The building was bought on a loan of 5.5 crore and our monthly EMI to the bank is 8 lakhs. On top of that we have a loan from an outside private financier where we pay 3 lakhs every month. So we are paying 11 lakhs a month in total just for loans.
The store is barely making 3 to 4 lakhs a month. The rest we keep borrowing from the financier to pay the bank. We have already missed a few bank payments and now the bank is threatening us with SARFAESI proceedings. Since this is a joint venture all our family names are on the documents so all of our CIBILs are badly hit. No bank is giving us any new loan because of this.
We are trying to sell the property. We have spent heavily on interiors and setup so we are thinking somewhere between 12 to 15 crore is fair. But buyers outside are quoting way lower than that. My father wants to do everything quietly, no publicity, no listings, basically under the table. I feel like that approach is exactly why serious buyers are not coming.
A CA my father knows has suggested we open a new firm in our hometown which is a tier 3 city, take a fresh loan through that, move the business there on a rented space for 3 lakhs per month with 20 lakhs advance and close the tier 2 store. Honestly this sounds like taking more debt to solve a debt problem and I am not comfortable with it at all.
My family is completely mentally exhausted. We cannot keep running this store. We just want to sell the property and get out of this situation. My father made most of these decisions and now we are all stuck.
Questions I have:
Has anyone sold a commercial property in a similar stressed situation? How do you find serious buyers without going too low?
Is the CA’s advice of opening a new firm and shifting actually viable or is it a trap?
If the bank issues a SARFAESI notice is there any way to still sell it ourselves before they auction it off?
Should we approach the bank for OTS at this point?
Any advice is genuinely welcome. Even if it is hard to hear. We are already past the comfortable conversations stage.

So I don’t even know where to start but I need some advice from people who actually know business and finance because my father is not listening to me and I feel like we are standing at the edge of a cliff.
We have a commercial building in a tier 2 city where we run a saree store. The building was bought on a loan of 5.5 crore and our monthly EMI to the bank is 8 lakhs. On top of that we have a loan from an outside private financier where we pay 3 lakhs every month. So we are paying 11 lakhs a month in total just for loans.
The store is barely making 3 to 4 lakhs a month. The rest we keep borrowing from the financier to pay the bank. We have already missed a few bank payments and now the bank is threatening us with SARFAESI proceedings. Since this is a joint venture all our family names are on the documents so all of our CIBILs are badly hit. No bank is giving us any new loan because of this.
We are trying to sell the property. We have spent heavily on interiors and setup so we are thinking somewhere between 12 to 15 crore is fair. But buyers outside are quoting way lower than that. My father wants to do everything quietly, no publicity, no listings, basically under the table. I feel like that approach is exactly why serious buyers are not coming.
A CA my father knows has suggested we open a new firm in our hometown which is a tier 3 city, take a fresh loan through that, move the business there on a rented space for 3 lakhs per month with 20 lakhs advance and close the tier 2 store. Honestly this sounds like taking more debt to solve a debt problem and I am not comfortable with it at all.
My family is completely mentally exhausted. We cannot keep running this store. We just want to sell the property and get out of this situation. My father made most of these decisions and now we are all stuck.
Questions I have:
Has anyone sold a commercial property in a similar stressed situation? How do you find serious buyers without going too low?
Is the CA’s advice of opening a new firm and shifting actually viable or is it a trap?
If the bank issues a SARFAESI notice is there any way to still sell it ourselves before they auction it off?
Should we approach the bank for OTS at this point?
Any advice is genuinely welcome. Even if it is hard to hear. We are already past the comfortable conversations stage.