Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609687
Bank Name:TRUHOME FINANCE LIMITED
Branch Name:Head Office : Mumbai
Reserve Price:₹16,01,102
EMD:₹1,60,110
Bid Increment:₹10,000
Auction Time:11.00 P.M. to 1.00 p.m.
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
This auction features a residential land and building property located in Thirupattur, Vellore, Tamil Nadu. The property is being auctioned by TRUHOME FINANCE LIMITED under SARFAESI Act due to the borrower, Mr. Poongundran, defaulting on their loan. This presents an opportunity to acquire a property in a developing area of Vellore.
State:Tamil Nadu
City:Vellore
Area:Thirupattur
Asset Category:Residential
Full Address:NATHAM VILLAGE, NATHAM OLD S.NO. 8/1, NEW S.NO. 8/8 AND OLD S.NO. 9/5, NEW S.NO. 9/5B, Natham, Thirupattur, Vellore
Size:1080 SQ.FT
Auction Description
TRUHOME FINANCE LIMITED is conducting a SARFAESI auction for a land and building property in Thirupattur, Vellore, Tamil Nadu. The auction will take place on November 14, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at INR 16,01,102, with an EMD of INR 1,60,110 required to participate. Interested bidders should ensure they have the necessary funds and are prepared to bid on this residential asset.
Borrower Name:Mr. Poongundran
Auction Type:SARFAESI Auction
Guarantor Names:S. Krishnan, Mrs. Munisamy Ammu W/o.Poongundran, Mrs. Munisamy AmmuCooperative Society, Mrs. Selvambal Krishnan W/o Krishnan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property represents a calculated opportunity due to its location in Thirupattur and the specific details of the land and building. While the reserve price is moderate, the symbolic possession and bank auction terms warrant careful consideration of the investment potential.
Contact Details
Branch:Branch Office : Head Office : Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
S Singh
Contact no:8428648685
