Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610188
Bank Name:Reliance Asset Reconstruction Company Ltd.
Branch Name:Corporate Office : Mumbai
Reserve Price:₹2,06,00,000
EMD:₹20,60,000
Bid Increment:₹1,00,000
Auction Time:2:00 P.M. to 3:00 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
This is a residential house located in Tirunelveli, Tamil Nadu. The property is being auctioned by Reliance Asset Reconstruction Company Ltd. under the SARFAESI Act. It is situated in the Tirunelveli area of the city.
State:Tamil Nadu
City:Tirunelveli
Area:Tirunelveli
Asset Category:Residential
Full Address:182/1, Door No. 182/1, High Road, Tirunelveli, Tirunelveli, Tirunelveli
Size:806 sq.ft
Auction Description
Reliance Asset Reconstruction Company Ltd. is conducting a SARFAESI auction for a residential house in Tirunelveli, Tamil Nadu. The reserve price for this auction is INR 2,06,00,000, with an Earnest Money Deposit (EMD) of INR 20,60,000. The auction will take place on November 18, 2025, from 02:00 PM to 03:00 PM. The property is associated with the borrower M/S. SATYAM EDUCATIONAL.
Borrower Name:M/S. SATYAM EDUCATIONAL
Auction Type:SARFAESI Auction
Guarantor Names:MR. A. THINAGAR S/O TATHISAYARAJAH, MR. T.ATHISAYARAJAH S/O THIRUVANATHA PERUMAL NADAD D, MRS. A.KANIMOZHY W/O A.THINAGAR, MRS. A.THANALAKSHMI W/O TATHISAYARAJAH, MR.J.SIVARAM S/O JAYACHANDRAN, MRS, VASANTHI MANJULA W/O JAYACHANDRAN, MRS. ANNA LAKSHMI W/O JAYACHANDRAN, Mr.M. JAYACHANDRAN S/O MUTHUAIAH NADAR, MR.S. RATNASWAMY S/O SUBRAMANIA NADAR, MR.SUDHAKAR S/O. RATHASAMY
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Tirunelveli and residential type make it a reasonable investment. The reserve price aligns with market expectations, and the auction terms are standard. Further due diligence is recommended to assess the long-term potential.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:Public Auction
Contact Details:
Satheesh Kumar P
Contact no:8939677550
