Land for auction 2 Polavapalayam Villa, Polavapalayam, Erode by Cholamandalam Investment

The property comprises a vacant house site (TS No. New S.F.No.140/6 at present Sub Division No.140/6B, New S.F. No.140/7 at present Sub Division No.140/7B, New S.F. No.140/8 at present Sub Division No.140/8A) measuring 1996.84 sqft, and land with a building under construction (SF No.140/6, 140/7, 140/8) measuring 3500 sqft. It is located at Site No.28, Nila Avenue-2 for the vacant site and Site No.29, 30 in Nila Avenue-2 for the land with building. The property is bounded by Site No.47 to the north, a 30 feet wide road to the south, SF No.140/6A of land to the east, and Site No.29 to the west for the vacant site. For the house sites 29 and 30, the boundaries are Site No.46 to the north, a 30 feet wide road to the south, Site No.28 to the east, and Site No.30 (for site 29) and Site No.43, 31 (for site 30) to the west respectively. The property includes rights over layout roads for ingress and egress and all appurtenances.

This is a SARFAESI auction for a residential property consisting of land and a building under construction. The property is located in Polavapalayam Village, Nambiyur Taluk, Erode District, Tamil Nadu. The auction is being conducted by Cholamandalam Investment And Finance Company Limited. The land area is 3500 sqft, and there is also a vacant house site of 1996.84 sqft. Key details include a reserve price of 8,400,000.00 and an EMD of 840,000.00. The auction will take place on February 27, 2025, from 11:00 AM to 01:00 PM.