Land for auction Dadagapatti Salem 1 Cr Indian Overseas Bank

This offering presents a prime plot of land located in the well-connected area of Dadagapatti, Salem, Tamil Nadu. Ideal for residential development, this asset is being auctioned by Indian Overseas Bank under SARFAESI regulations. The property is situated in a developing locality, offering potential for growth and investment. Its strategic location in Salem ensures accessibility to essential amenities and infrastructure. This is a direct opportunity to acquire valuable land in a sought-after region.

Indian Overseas Bank is conducting a SARFAESI auction for a significant parcel of land in Dadagapatti, Salem, Tamil Nadu. The auction is scheduled for December 4, 2025, with bidding open from 11:00 AM to 3:00 PM. The reserve price for this valuable land asset is set at ₹1,01,65,000, with an Earnest Money Deposit (EMD) of ₹10,16,500 required to participate. This is a direct opportunity for investors and developers to acquire a property through a transparent auction process. Don't miss this chance to bid on a promising land parcel.

The property is a land parcel in a developing location, offered at a moderate reserve price. While the location is not prime, the auction terms are standard, and the potential for appreciation exists. This opportunity suits investors with local knowledge and a long-term investment horizon.