Land And Building for auction Venkata Nagar Puducherry 62 lakh Canara Bank

A valuable land and building property located in Oulgaret, Puducherry, offered for auction by Canara Bank. This asset, formerly associated with M/s. Grand Home Foods, presents a prime opportunity for investment or development in a developing area. The property is categorized as residential, making it suitable for various housing or commercial ventures. Its strategic location within Puducherry ensures accessibility and potential for appreciation.

Canara Bank is conducting a SARFAESI auction for a land and building property in Oulgaret, Puducherry. The auction will take place on November 24, 2025, between 11:00 AM and 12:00 PM. The reserve price for this auction is ₹62,46,000.00, with an Earnest Money Deposit (EMD) of ₹6,24,600.00 required to participate. This is a significant opportunity to acquire a property through a transparent banking auction process.

The property presents a calculated opportunity due to its location in Puducherry and the relatively lower reserve price. However, potential buyers should consider the encumbrance status and thoroughly investigate local market dynamics before bidding. The location and size provide reasonable potential for appreciation.