Land for auction flats NO OBJECTION CERTIFICATE Perumbakkam Chennai by Indian Overseas ...

A land parcel located at Perumbakkam-Nukkampalayam Main Road, Perumbakkam, Chennai 600 100, Tamil Nadu. The property is offered by Indian Overseas Bank and consists of 63% undivided share of land measuring 365 cents, along with 63% of the construction thereon. This includes residential blocks 1-5 and commercial blocks. A portion of the land (5 units/flats totaling 2257 sq. ft.) is excluded from the sale. The remaining saleable land area is 97910 sq. ft. The property boundaries are defined by specific survey numbers to the North, South, East, and West, with the West boundary facing the Perumbakkam Nukkampalayam Road. The land falls within the Sub-Registration District of Selaiyur and Registration District of Chennai South. The property is categorized as Residential with M/s Arul Constructions as the borrower.

This auction features land in Perumbakkam, Chennai, offered by Indian Overseas Bank. The property comprises 63% undivided share of 365 cents of land with corresponding construction, including residential blocks 1-5 and commercial blocks at Arul Mahanaim. Notably, 5 units/flats totaling 2257 sq. ft. (belonging to Mrs. J. Sasikala, Mrs. P. Jayapratha, Mrs. G. Sangeetha, Mr. Naga Ragu Krishnan, and Mr. Sri Krishna Komanduru) are excluded from the sale as NOCs were issued by the bank for these. The remaining balance land area for sale is 97910 sq. ft. The property is situated on Perumbakkam-Nukkampalayam Main Road, Chennai 600 100. Encumbrance details indicate that M/s. Arul Constructions, represented by its Proprietor Mrs. Deepika Vinohar and POA Holder Mr. Bright Vinohar, sold certain UDS shares of the mortgaged property without obtaining the necessary NOC from the Secured Creditor. These sale deeds were registered at the Sub-Registrar Office, Selaiyur, during the subsistence of the bank's mortgage. The auction is a SARFAESI Auction with a reserve price of ₹12,65,40,000 and EMD of ₹1,26,54,000. The auction is scheduled for 17-02-2025 from 12:00 PM to 03:00 PM. Applications for participation must be submitted by 15-02-2025, 05:00 PM.