Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610405
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:KARAIKAL BRANCH
Reserve Price:₹1,22,72,000
EMD:₹12,27,200
Bid Increment:₹10,000
Auction Time:12:00 PM to 1:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-16
Bid Start Date:2025-12-17
Property Description
This SARFAESI auction features a valuable plot of land located in Karaikal, Puducherry, presented by Tamilnad Mercantile Bank Limited. Situated in the bustling city of Puducherry, this residential land offers a prime opportunity for development or investment in a sought-after region. The property is being auctioned following standard SARFAESI procedures. Mr. M. Mansoor Sultan is the borrower associated with this asset.
State:Puducherry
City:Puducherry
Area:Karaikal
Asset Category:Residential
Full Address:17, D.No.17, Pambuliamman Koil Street, Neravy Commune, Karaikal, Neravy, Karaikal
Size:10760 sq.ft
Auction Description
Tamilnad Mercantile Bank Limited is conducting an online SARFAESI auction for a land property in Karaikal, Puducherry. The auction will take place on December 17, 2025, with bidding open from 12:00 PM to 01:00 PM. The reserve price for this land is ₹1,22,72,000, and the Earnest Money Deposit (EMD) required is ₹12,27,200. This is a significant opportunity to acquire property in Puducherry through a transparent auction process.
Borrower Name:Mr.M.Mansoor Sultan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.M.Jassima Yasmin
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land's location in Karaikal and the involvement of a reputable bank provide a degree of security. However, potential investors should conduct thorough due diligence given the auction terms and property type. The price and location suggest moderate investment appeal, warranting a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : KARAIKAL BRANCH
Service Provider:Public Auction
Contact Details:
Contact no:9965522072
