Land for auction RCC Terraced, Attur, Salem by Indian Overseas Bank

Prospective homebuyers seeking a significant land parcel with an established residential structure will find exceptional value in this property, strategically located in Attur, Salem District, Tamil Nadu. Spanning an impressive 32,761 sq.ft., this expansive plot offers ample space for various outdoor pursuits, gardening, or future expansion. The property boasts a robust RCC Terraced building, thoughtfully designed across both ground and first floors, with a substantial 50x40 ft footprint on each level, providing generous living areas for a family. Situated in the serene Appamasamudram village, specifically in Vathiyar Thottan, Vadakkukadu, it offers a peaceful residential environment while maintaining accessibility. Its boundaries, defined by agricultural land to the East, West, and North, and a 25 ft East-West common road to the South, ensure a private setting with convenient access. This asset represents a unique opportunity to acquire a substantial home and land investment in a promising location, perfect for those looking to build a comfortable and spacious lifestyle.

This residential land and building, offered by Indian Overseas Bank, presents a prime opportunity for astute buyers through a SARFAESI Act auction. The auction is scheduled for March 20, 2025, from 11:00 AM to 03:00 PM, with the crucial application submission deadline set for March 19, 2025, at 05:00 PM. A competitive Reserve Price of Rs. 30,78,000.00 has been established, requiring an Earnest Money Deposit (EMD) of Rs. 3,07,800.00 to participate, which is refundable to unsuccessful bidders. This structured process ensures transparency and fairness. New buyers are strongly advised to conduct thorough due diligence, including site inspection and legal verification, prior to bidding. For any detailed inquiries or assistance regarding the auction process, prospective bidders can directly contact Mrs. Dhanalakshmi at mobile number 8925951097. This auction, facilitated by BAANKNET, is an excellent entry point into the lucrative world of bank-assisted property acquisitions, often providing properties below market valuations.