Land And Building for auction Dharmapuram Karaikal 32 lakh Indian Bank

Property for Auction in Karaikal, Puducherry, Puducherry

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
2421 Sq. ft.
Reserve Price
32,10,000
Reserve Price
32,10,000
EMD Required
3,21,000
Property Specifications
Size2421 Sq. ft.
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Karaikal, Puducherry
Auction Date IconAuction Date:
19-11-2025 11:00 AM

Auction Details

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

Important Dates

Submission Date:2025-11-19

Bid Start Date:2025-11-19

Property Description

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.

Auction Description

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

Legal Details

Possession Status:Physical

Encumbrance Details:Nil

Why This Property

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.

Contact Details

Branch:Branch Office : STRESSED ASSETS MANAGEMENT BRANCH - CHENNAI

Service Provider:BAANKNET

Contact Details:

Contact no:8291220220

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