Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609749
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 residential land and building located in Omalur, Salem, Tamil Nadu. The property is offered by Indian Bank. The auction is for the asset previously belonging to M/s. Sri Selvavinayaga Agency. The property is situated in a developed area with access to local amenities.
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 village, Salem
Building/Society:Balaji Nagar
Size:1560 square feet
Auction Description
Indian Bank is conducting a SARFAESI auction for a land and building property in Omalur, Salem, Tamil Nadu. The auction will take place on December 10, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price for this auction is INR 73,20,000, with an Earnest Money Deposit (EMD) of INR 7,32,000 required to participate. This is a valuable opportunity to acquire a property in a sought-after location.
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 Omalur, Salem, with a decent size and clear boundaries. The location in Balaji Nagar adds some value. The reserve price seems reasonable, making it a calculated opportunity for potential buyers looking for investment.
Contact Details
Branch:Branch Office : THEEVATTIPATTI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
