Plot for auction 1902 Municipal 5th Ward Ramachandrapuram Stre, Pune by City Union Bank

This exceptional property offers a compelling opportunity for new homebuyers, strategically located in Kumbakonam Town's desirable Municipal 5th Ward on Ramachandrapuram Street. Identified as Town Survey No. 1902/9, the asset encompasses a 612 Sq. ft (56.86 Sq. meter) plot featuring a robust RCC Tied House. The multi-story dwelling includes a ground floor, first floor, and second floor, each extending to approximately 52 Sq. meters, offering ample living space or potential for multi-family accommodation. Its prime location is further enhanced by its proximity to Amman Koil Arasatar Vazhinadappu Street and a tranquil northern street boundary. The residence, bearing Door No. 38, comes equipped with essential amenities like electric service connection and meter deposit, ensuring a ready-to-move-in or ready-to-develop status. This residential asset represents a valuable acquisition in a well-established area, ideal for those seeking a primary residence or a promising investment with growth potential in Kumbakonam.

Prospective bidders interested in securing this residential property should note the detailed auction process facilitated by City Union Bank under the SARFAESI Act. The e-auction is scheduled for July 23, 2025, commencing promptly at 11:00 AM and concluding at 01:00 PM. A mandatory Earnest Money Deposit (EMD) of INR 5,40,000.00 is required to participate, set against a Reserve Price of INR 54,00,000.00. The crucial deadline for application and EMD submission is July 22, 2025, by 05:00 PM. New buyers are strongly advised to conduct comprehensive due diligence, including physical inspection of the property and verification of all associated documents, prior to bidding. For any queries regarding the auction specifics, eligibility, or property viewing arrangements, interested parties can contact the Credit Recovery and Management Department of City Union Bank directly via telephone at 0435-3412321 or mobile at 5544301132. Understanding the SARFAESI auction rules and preparing EMD in advance is crucial for a smooth and successful bidding experience.