Plot for auction 22 Kayethemilath Nagar, Ambur, Vellore by CFM Asset Reconstruction

Discover a valuable investment opportunity with this residential plot located in Ambur, a key area within the Vellore District of Tamil Nadu. The property, bearing T.S No. 16.Part and Punjai Survey Nos. 597/3b1, 598/1c & 602/1, spans 1400 square feet and is situated in Kayethemilath Nagar, on the 1st Street. Its boundaries are clearly defined: North by the house of Halimabee Sahib, East by the house of Mohammed Ajam Saibu, West by the 1st Street, and South by the southern portion of Plot No. 22 belonging to Rahimunnisha. This plot is ideal for individuals looking to build their dream home or for real estate investors seeking to capitalize on the growing market in this region. The accessibility and potential for development in Ambur make it an attractive proposition for a range of buyers. The asset category is residential, indicating its suitability for housing development.

This SARFAESI auction presents a prime opportunity to acquire a residential plot located in the developing area of Ambur, within the Vellore District of Tamil Nadu. The property, identified by T.S No. 16.Part, Punjai Survey Nos. 597/3b1, 598/1c & 602/1, measures 1400 sq. ft and is situated on Kayethemilath Nagar 1st Street. This plot offers a significant opportunity for new buyers seeking to enter the real estate market, potentially for constructing a residential dwelling or for investment purposes. Its location in Ambur, a region experiencing growth, provides accessibility to local amenities and infrastructure. The auction is being conducted by CFM Asset Reconstruction Pvt Ltd through the service provider bankeauctions.com / C1 India. Prospective buyers are advised to thoroughly review all available documentation and conduct their due diligence regarding property boundaries and local development plans before participating. The reserve price is set at ₹25,08,273, with an Earnest Money Deposit (EMD) of ₹2,50,827 required to bid.