Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611947
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹1,04,00,000
EMD:₹10,04,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This is a prime land parcel located in Arcot, Vellore, Tamil Nadu, being auctioned by Punjab National Bank. The property falls under the residential category and is ideal for development or investment. Its strategic location in the developing region of Arcot offers significant potential. Don't miss this opportunity to acquire valuable land in a growing area.
State:Tamil Nadu
City:Vellore
Area:Arcot
Asset Category:Residential
Full Address:Old door No.19 New Door No.8, Thulasingam street, Arcot, Vellore-632503, Arcot, Vellore
Size:2033 Sq.ft
Auction Description
Punjab National Bank presents a SARFAESI auction for a valuable land parcel in Arcot, Vellore, Tamil Nadu. The reserve price for this auction is ₹10,400,000, with an Earnest Money Deposit (EMD) of ₹1,040,000. The auction will take place on December 5, 2025, commencing at 11:00 AM and concluding at 04:00 PM. This is a direct opportunity to bid on a residential land asset previously held by M/S. Mother Industries.
Borrower Name:M/S. Mother Industries
Auction Type:SARFAESI Auction
Guarantor Names:Mr.RajuBharani, Mrs.Radhika Bharani, Mrs.Gayathri, Mrs.Kumari, Mrs.Malathi, Mr.Bhavanaraj
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Arcot, Vellore, this residential land offers a calculated investment opportunity given its size and location. The reserve price and EMD are substantial, requiring careful consideration. While the location is promising, further due diligence is recommended to assess its market value and potential returns.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
