Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:613868
Bank Name:Federal Bank
Branch Name:LCRD CHENNAI DIVISION
Reserve Price:₹45,50,000
EMD:₹4,55,000
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:06-12-2025 05:00 PM
Bid Start Date:2025-12-08
Property Description
Federal Bank presents a prime land auction opportunity in Vettambadi, Namakkal, Tamil Nadu. This residential land parcel is offered under the SARFAESI Act, providing a unique chance for investors and buyers. Situated in the developing area of Vettambadi, this land holds potential for residential development. The property is associated with borrower Mr. Malliga G.
State:Tamil Nadu
City:Namakkal
Area:Vettambadi
Asset Category:Residential
Full Address:40, Plot No. 40, Vettambadi Village, Namakkal Taluk, Namakkal District, Vettambadi, Namakkal
Size:2021.25 Sq. ft
Auction Description
This is a SARFAESI auction conducted by Federal Bank for a valuable land property in Vettambadi, Namakkal, Tamil Nadu. The auction will take place on December 8, 2025, commencing at 10:00 AM and concluding at 12:00 PM. The reserve price for this plot is ₹45,50,000, with an Earnest Money Deposit (EMD) of ₹4,55,000 required to participate. Don't miss this opportunity to acquire land in a growing region.
Borrower Name:Mr Malliga G
Auction Type:SARFAESI Auction
Guarantor Names:Latha G K, Gopalakrishnan G, Kumudhavalli K R
Legal Details
Possession Status:Physical
Encumbrance Details:Not to the knowledge of the Bank
Why This Property
The property's location in Vettambadi, Namakkal, combined with the presence of a two-storeyed building and land, makes it a potentially strong investment. The 'As is where is' basis requires careful due diligence. The reserve price seems reasonable for the land area and built-up structure, warranting a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : LCRD CHENNAI DIVISION
Service Provider:bankeauctions.com / C1 India
Contact Details:
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