Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609893
Bank Name:Nido Home Finance Limited
Branch Name:Regd.Office : Mumbai
Reserve Price:₹1,30,54,000
EMD:₹13,05,400
Auction Time:11 am to 12 pm Noon (With 5 Minutes Unlimited Auto Extensions)
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This auction features a Land and Building property located in Madurai North, Madurai, Tamil Nadu, offered by Nido Home Finance Limited. The asset category is residential. The property is being auctioned under the SARFAESI Act. It presents an opportunity for investment or personal use in a developed area. This is a prime offering from Nido Home Finance Limited.
State:Tamil Nadu
City:Madurai
Area:Madurai North
Asset Category:Residential
Full Address:Door No.9.5.26, Madurai District, Madurai South Registration District, Madurai Joint 4 Sub Registration, Madurai South Taluk, No.24 Madakullam Village, Madurai Corporation Ward No.32, Sundrajapuram Rathinapuram R.S.No.32/1b, Sundrajapuram Rathinapuram, Madurai
Size:2464 Sq Feet
Auction Description
Nido Home Finance Limited is conducting a SARFAESI auction for a residential Land and Building property in Madurai North, Madurai, Tamil Nadu. The auction will take place on December 10, 2025, from 11:00 AM to 12:00 PM. The reserve price is ₹1,30,54,000, with an Earnest Money Deposit (EMD) of ₹13,05,400. This is a secured asset auction, providing a transparent bidding process for interested parties.
Borrower Name:Mr Manigari Babu
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Madurai, presenting a calculated opportunity. The location is good, but the symbolic possession and auction terms require careful consideration. At the right price, this could be a worthwhile investment.
Contact Details
Branch:Branch Office : Regd.Office : Mumbai
Service Provider:Public Auction
Contact Details:
Maulik Shrimali
Contact no:91-6351896643
