Land And Building for auction Dharmapuram Puducherry 32 lakh Indian Bank

This auction features a residential land and building property located in Dharmapuram, Puducherry, offered by Indian Bank. Situated in a well-regarded area, this asset presents a valuable opportunity for investors or prospective homeowners. The property is part of a SARFAESI auction, indicating it's being sold to recover outstanding debt. Its location in Puducherry, a Union Territory known for its unique culture and developing infrastructure, adds to its appeal. The asset category is residential, suggesting suitability for living or rental purposes. Detailed inspection is recommended to assess the current condition and potential of this land and building.

Indian Bank is conducting a SARFAESI auction for a residential land and building in Dharmapuram, 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 significant opportunity to acquire a property in Puducherry through a bank auction. Prospective bidders are advised to review all auction terms and conditions, conduct thorough due diligence on the property, and be prepared to submit their bids within the specified auction window.

This land and building in Dharmapuram presents a calculated opportunity due to its size and location in Puducherry. The reserve price appears reasonable, and physical possession is a positive aspect. Further due diligence on the property's potential use and market demand in the area is recommended.