Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611532
Bank Name:Indian Bank
Branch Name:THEEVATTIPATTI BRANCH
Reserve Price:₹73,20,000
EMD:₹7,32,000
Bid Increment:₹10,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a SARFAESI auction for a Land and Building property located in Omalur, Salem, Tamil Nadu. The property is categorized as residential. The borrower is M/s. Sri Selvavinayaga Agency. This presents an opportunity to acquire a property in a well-known region.
State:Tamil Nadu
City:Salem
Area:omalur
Asset Category:Residential
Full Address:Plot No. 9, Balaji Nagar, Nachanampatty village, Patta No. 287; S.No. 80/282, Nachanampatty, Salem
Building/Society:Balaji Nagar
Size:1560 square feet
Auction Description
Indian Bank is conducting an online SARFAESI auction for a residential Land and Building property in Omalur, Salem, Tamil Nadu. The auction will take place on December 10, 2025, from 10:00 AM to 4:00 PM. The reserve price is ₹73,20,000 and the Earnest Money Deposit (EMD) is ₹7,32,000. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:M/s. Sri Selvavinayaga Agency
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Constructive
Encumbrance Details:Nil
Why This Property
The property is a land and building in a developing locality near Salem. The reserve price appears reasonable. However, potential buyers should thoroughly investigate the title and local market conditions before bidding.
Contact Details
Branch:Branch Office : THEEVATTIPATTI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
