Property for Auction in Karaikal, Puducherry, Puducherry
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614461
Bank Name:Indian Bank
Branch Name:STRESSED ASSETS MANAGEMENT BRANCH - CHENNAI
Reserve Price:₹32,10,000
EMD:₹3,21,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-19
Bid Start Date:2025-11-19
This offering is for a prime parcel of Land and Building located in Karaikal, Puducherry. Situated in a well-established area, this residential asset presents a unique opportunity for ownership. The property's exact specifications and potential are best understood through a physical inspection. Ideal for those looking to invest in real estate within the Union Territory of Puducherry, this land and building offers a solid foundation for future development or personal use. Don't miss this chance to acquire a valuable property in Karaikal.
State:Puducherry
City:Puducherry
Area:Karaikal
Asset Category:Residential
Full Address:No 27, South Street, Dharmapuram Village, Karaikal, Puducherry UT, Dharmapuram, Karaikal
Size:2421 Sq. ft.
Indian Bank presents a SARFAESI Auction for a Land and Building property in Karaikal, Puducherry. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this auction is INR 32,10,000, with an Earnest Money Deposit (EMD) of INR 3,21,000 required to participate. This is a fantastic opportunity to bid on a residential asset formerly associated with Mr. D. Selvakumar. Ensure you are prepared to submit your bid within the specified timeframe.
Borrower Name:Mr. D. Selvakumar
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mohanraj, Mr. R M Selvanathan, Mrs. S. Vandana
Possession Status:Physical
Encumbrance Details:Nil
The property is a land and building in Karaikal, Puducherry, offered at a reasonable reserve price. While the location isn't prime, the size and clear legal status make it a calculated investment opportunity. The auction terms are standard, but due diligence is recommended given the specific location.
Branch:Branch Office : STRESSED ASSETS MANAGEMENT BRANCH - CHENNAI
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220