Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609787
Bank Name:Union Bank of India
Branch Name:Regional Office : Kancheepuram
Reserve Price:₹21,20,000
EMD:₹2,12,000
Bid Increment:₹21,200
Auction Time:12:00 PM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a vacant land property located in Arakonam, Vellore, Tamil Nadu. The land is being auctioned by Union Bank of India under SARFAESI provisions. It is a residential asset belonging to Mr. R Subramani. The property offers a great opportunity for development or investment in a growing area.
State:Tamil Nadu
City:Vellore
Area:Arakonam
Asset Category:Residential
Full Address:Ammoor Village, Survey No.664, New Sub Division S No.664/60- Manaivari Patta No. 663. Eswaran Koil Street, Vacant Site and House Building Constructed therein Measuring. Tank Street, Vacant site and house building constructed therein measuring East to West both side 12 feet, North to South both side 53 feet, Ammoor, Arakonam
Size:636 Sq.ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a land property in Arakonam, Vellore, Tamil Nadu. The auction will take place on November 14, 2025, starting at 12:00 PM and ending at 05:00 PM. The reserve price for this residential land is ₹21,20,000, with an Earnest Money Deposit (EMD) of ₹2,12,000 required to participate. This is a prime opportunity to acquire land in a developing region.
Borrower Name:Mr. R Subramani
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Bhagyalakshmi, Mrs. Valarmathi Mani, Mr. Mani Munusamy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land in a developing area, offered at a reasonable reserve price. While the location might not be prime, the auction terms are standard and the potential for future development makes it a calculated opportunity for investors looking for long-term gains.
Contact Details
Branch:Branch Office : Regional Office : Kancheepuram
Service Provider:BAANKNET
Contact Details:
Mrs. Gowri Shankari J
Contact no:7358943419
