Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609908
Bank Name:Nido Home Finance Limited
Branch Name:Regd.Office : Mumbai
Reserve Price:₹48,78,000
EMD:₹4,87,800
Auction Time:11 am to 12 pm Noon (With 5 Minutes Unlimited Auto Extensions)
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a residential house located in Arakonam, Vellore, Tamil Nadu. The property is being auctioned by Nido Home Finance Limited under the SARFAESI Act. It offers a great opportunity for home ownership or investment in a developing area. The house is situated in a well-connected locality within Vellore.
State:Tamil Nadu
City:Vellore
Area:Arakonam
Asset Category:Residential
Full Address:Plot No.8, Sai Nagar, Sai Nagar In Souhtern Side Of 1st Street, Under Old Town S No.6/3, New Town S No.6.A (As Per Municipal S.No.19/1, Ward-D, Block No.28) Of House Site Property Bearing Plot No.8, Perumuchi Madura Giribilspettai, Arakonam
Building/Society:Sai Nagar
Size:1200 Sq.Ft.
Auction Description
Nido Home Finance Limited is conducting a SARFAESI auction for a residential house in Arakonam, Vellore, Tamil Nadu. The auction will take place on December 10, 2025, from 11:00 AM to 12:00 PM. The reserve price for this property is ₹48,78,000, with an Earnest Money Deposit (EMD) of ₹4,87,800 required to participate. This is a prime opportunity to acquire a house in Vellore through a transparent bidding process.
Borrower Name:K UMASHANKAR
Auction Type:SARFAESI Auction
Guarantor Names:K ELAN-GOVAN, KANTHIMATHI UMASANKAR
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Arakonam, this house presents a reasonable opportunity given the reserve price and size. The symbolic possession status introduces some uncertainty. Further due diligence is advised due to the location and auction terms.
Contact Details
Branch:Branch Office : Regd.Office : Mumbai
Service Provider:Public Auction
Contact Details:
Maulik Shrimali
Contact no:+91-6351896643/9173528727
