Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611993
Bank Name:Indian Bank
Branch Name:STRESSED ASSETS MANAGEMENT BRANCH - CHENNAI
Reserve Price:₹10,00,000
EMD:₹1,00,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
Discover a valuable land parcel in Kalanipakkam, Vellore, Tamil Nadu, offered by Indian Bank through a SARFAESI auction. This residential land presents a prime opportunity for development or investment in a growing area. Located in Vellore, known for its historical significance and educational institutions, this plot is strategically positioned for future appreciation. The property is being auctioned as part of the SARFAESI Act proceedings, ensuring a transparent transaction process. Don't miss this chance to acquire land in a developing region of Tamil Nadu.
State:Tamil Nadu
City:Vellore
Area:Kalanipakkam
Asset Category:Residential
Full Address:Plot No.92, Plot No.93, VIP City Township, S. Nos. 452/2, 452/3A & 452/3C, bearing Plot No.92 in VIP City Township and land comprised in S. Nos. 452/3A & 453/3C, bearing Plot No.93. Phase I in VIP City Township, Kalanipakkam, Vellore
Building/Society:VIP City Township
Size:1320 Sq. ft.
Auction Description
Indian Bank presents an exciting SARFAESI auction for a land parcel located in Kalanipakkam, Vellore, Tamil Nadu. This auction is scheduled for November 19, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price for this valuable land is ₹10,00,000, with an Earnest Money Deposit (EMD) of ₹1,00,000 required to participate. This is a fantastic opportunity to acquire a property in Vellore, a city with significant potential. Ensure you review all auction terms and conditions before participating.
Borrower Name:ATHIQ LEATHER EXPORTS
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mohammed Azharuddhin, Mrs. Fathima Beevi
Legal Details
Possession Status:Physical
Encumbrance Details:Not known
Why This Property
The property is land in a developing locality, offering potential for future appreciation. The reserve price is reasonable, and the auction terms are standard. However, due diligence regarding local development plans and encumbrances is advised before bidding.
Contact Details
Branch:Branch Office : STRESSED ASSETS MANAGEMENT BRANCH - CHENNAI
Service Provider:BAANKNET
Contact Details:
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