Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609469
Bank Name:Union Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹19,90,00,000
EMD:₹1,99,00,000
Bid Increment:₹19,90,000
Auction Time:14-11-2023 & From 12.00 Noon to 05.00 PM (with 10 minutes unlimited auto extensions)
Service Provider:BAANKNET
Important Dates
Submission Date:13-11-2025 05:00 PM
Bid Start Date:14-11-2025 12:00 PM
Property Description
This auction features a significant parcel of land located in Dindigul, Tamil Nadu, offered by Union Bank of India. The property is categorized as residential and is situated in the Dindigul area. This is a prime opportunity for investors or developers looking to acquire land in a growing region. The asset is being auctioned under SARFAESI regulations.
State:Tamil Nadu
City:Dindigul
Area:Dindigul
Asset Category:Residential
Full Address:Thamarappadi village, Dindigul Taluk & District, Tamilnadu, Thamarappadi, Dindigul
Size:6.75 Acres
Auction Description
Union Bank of India presents a SARFAESI auction for land in Dindigul, Tamil Nadu. The reserve price for this auction is ₹19,90,00,000, with an Earnest Money Deposit (EMD) of ₹1,99,00,000. The auction will take place on November 14, 2025, commencing at 12:00 PM and concluding at 5:00 PM. This is a unique chance to acquire a substantial asset with a clear title.
Borrower Name:M/s OSR Infra Private Limited
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:The details of encumbrances, if any known to the Secured Creditor: Nil
Why This Property
The property is a sizable land parcel in Dindigul, offered at a significant reserve price. While land investments can be lucrative, the high reserve price and EMD necessitate careful due diligence. This represents a calculated opportunity for investors familiar with the local real estate market.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Chief Manager & Authorized Officer
Contact no:81151151370
