Property for Auction in Walaja, Vellore, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612204
Bank Name:Indian Bank
Branch Name:Ranipet Industrial Complex Branch
Reserve Price:₹3,09,60,000
EMD:₹30,96,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Prime industrial asset located in Walaja, Vellore, Tamil Nadu. This property comprises factory land and a building, suitable for a range of industrial applications. The asset is offered by Indian Bank through a SARFAESI auction. Situated in a developing industrial area, it presents a significant opportunity for businesses looking to establish or expand their operations in the region. The property's location in Vellore, a well-connected city in Tamil Nadu, ensures good logistical access.
State:Tamil Nadu
City:Vellore
Area:Walaja
Asset Category:Industrials
Full Address:SF No. 468/2, 466/1, 466/2, Rendadi road, Krishnapuram village, Maruthampakkam village panchayat, Walaja taluk, Vellore District, Krishnapuram village, Vellore
Size:3.12 acres
Indian Bank is conducting a SARFAESI auction for industrial property in Walaja, Vellore, Tamil Nadu. The auction will take place on November 19, 2025, with bidding open from 11:00 AM to 03:00 PM. The reserve price for this factory land and building is set at INR 3,09,60,000. An Earnest Money Deposit (EMD) of INR 30,96,000 is required to participate. This is a valuable opportunity to acquire a substantial industrial asset from a leading public sector bank.
Borrower Name:M/S THIRUPATHI ENTERPRISES
Auction Type:SARFAESI Auction
Guarantor Names:Mr N Thiruvenkadam, Mr. C Narasimman, Mrs T Loganayaki
Possession Status:Symbolic
Encumbrance Details:Nil
The property is an industrial factory land and building located in Vellore, Tamil Nadu. It is being auctioned by Indian Bank at a reserve price of ₹30960000.0. Given its industrial classification and location, this property represents a calculated opportunity for investors looking for assets in this region.
Branch:Branch Office : Ranipet Industrial Complex Branch
Service Provider:BAANKNET
Contact Details:
Mr. Vengateswaran PL
Contact no:9442504933