Land And Building for auction Velagoundampatti Namakkal 16 Cr Federal Bank

This offering presents a prime opportunity to acquire a substantial Land and Building asset located in Velagoundampatti, Namakkal, Tamil Nadu. The property is categorized as Residential and is being auctioned by Federal Bank under the SARFAESI Act. This is a significant real estate investment in a developing area, ideal for various residential or commercial purposes. The land and building offer a canvas for development or existing use, situated in a well-connected part of Namakkal district. The property's title is clear and ready for transfer to the successful bidder.

Federal Bank is conducting a SARFAESI auction for a valuable Land and Building property in Velagoundampatti, Namakkal, Tamil Nadu. The auction is scheduled for October 30, 2025, commencing at 11:00 AM and concluding at 01:00 PM on the same day. The reserve price for this auction is ₹16,25,00,000 (Rupees Sixteen Crore Twenty-Five Lakhs Only), with an Earnest Money Deposit (EMD) of ₹1,62,50,000 (Rupees One Crore Sixty-Two Lakhs Fifty Thousand Only). This is a liquidation auction for Raghav Industries Limited. Interested bidders are advised to review all auction terms and conditions before participating.