Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609533
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹24,45,000
EMD:₹2,44,500
Bid Increment:₹5,000
Auction Time:11:00 A.M. to 03:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-16
Bid Start Date:2025-11-17
Property Description
This is a SARFAESI auction for a Land and Building property located in Vellore, Tamil Nadu, owned by M/s Arun Constructions. The asset category is residential. The auction is being conducted by Indian Overseas Bank. The property is situated in the Vellore area.
State:Tamil Nadu
City:Vellore
Area:Vellore
Asset Category:Residential
Full Address:Plot No.53, Door No. 100, Venkatachalapathi Nagar, T.S.No:7 & 8, S.F.No.221, Plot No.53, Door No. 100, Venkatachalapathi Nagar, Ward No.2, Pichanoor, Pichanoor, Vellore
Building/Society:Venkatachalapathi Nagar
Size:1024 sq ft
Auction Description
Indian Overseas Bank is holding a SARFAESI auction for a residential Land and Building property in Vellore, Tamil Nadu. The auction will take place on November 17, 2025, starting at 11:00 AM and ending at 3:00 PM. The reserve price is ₹24,45,000 and the Earnest Money Deposit (EMD) is ₹2,44,500.
Borrower Name:M/s Arun Constructions
Auction Type:SARFAESI Auction
Guarantor Names:D Ramanathan, D Ramanathan, Mrs. Arunmozhi Alias Raniyammal
Legal Details
Possession Status:Constructive
Encumbrance Details:Nil
Why This Property
The property, a land and building in Vellore, presents a calculated opportunity due to its location and reserve price. However, the constructive possession status and limited information necessitate careful evaluation. The auction terms are standard, requiring a moderate EMD, warranting consideration for informed investors.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Authorised Officer
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