Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613962
Bank Name:Motilal Oswal Home Finance Ltd
Branch Name:Corporate Office : Mumbai
Reserve Price:₹20,00,000
EMD:₹2,00,000
Auction Time:11:00 AM to 02:00 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-30
Bid Start Date:2025-12-01
Property Description
A residential house located in the Tharamangalam area of Salem, Tamil Nadu, offered by Motilal Oswal Home Finance Ltd. This property, previously owned by Kannan E E, presents an opportunity for potential buyers in a developing region. The asset category is residential, and the property type is a house.
State:Tamil Nadu
City:Salem
Area:Tharamangalam
Asset Category:Residential
Full Address:7-52/110B, Survey No - 212/11, 12, Door No.-7-52/110B, Patta No-1482, Periyandiyur, Arurpatty, Tharamangalam, Salem, Tamil Nadu - 636502, Tharamangalam, Salem
Auction Description
Motilal Oswal Home Finance Ltd is conducting a SARFAESI auction for a residential house in Tharamangalam, Salem, Tamil Nadu. The auction will take place on December 1, 2025, starting at 11:00 AM and concluding at 02:00 PM. The reserve price is INR 20,00,000, with an Earnest Money Deposit (EMD) of INR 2,00,000 required to participate. This is a prime opportunity to acquire a property through a transparent auction process.
Borrower Name:Kannan E E
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property, a house in Tharamangalam, Salem, presents a calculated opportunity due to its reasonable reserve price of ₹20 Lakh. While the location is not specified as prime, the property type is suitable for residential purposes. The auction terms are standard, making it a moderate risk investment.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:Auctionbazaar
Contact Details:
Contact no: —
