Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614694
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹2,75,00,000
EMD:₹27,50,000
Auction Time:12:00 Noon to 01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-17
Bid Start Date:2025-12-17
Property Description
This SARFAESI auction presents an opportunity to acquire a Residential Land and Building in the bustling area of Mudaliarpet, Puducherry. Located in the heart of Puducherry city, this property offers a prime location with potential for various uses. The asset is being auctioned by City Union Bank on behalf of the borrower, Mr. A. Baskar. Don't miss this chance to invest in a property within a well-established locality.
State:Puducherry
City:Puducherry
Area:Mudaliarpet
Asset Category:Residential
Full Address:4, Door No.4 (Old Door No 4/47), Neerodum Veethi, Mudaliarpet, Mudaliarpet, Puducherry
Size:3905 Sq. Ft
Auction Description
City Union Bank is conducting a SARFAESI auction for a Land and Building property situated in Mudaliarpet, Puducherry. The auction will take place on December 17, 2025, from 01:00 PM to 02:00 PM. The reserve price for this auction is ₹2,75,00,000, with an Earnest Money Deposit (EMD) of ₹27,50,000 required. This is a unique opportunity to participate in a bank auction for a valuable asset in Puducherry.
Borrower Name:Mr.A.Baskar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.B.Kaniyaselvi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity due to its location in Mudaliarpet, Puducherry, and substantial land size. However, the reserve price is relatively high, warranting careful evaluation. The auction terms are standard, and the location may present potential for future appreciation.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:9345421805
