Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611973
Bank Name:TRUHOME FINANCE LIMITED
Branch Name:Head Office : Mumbai
Reserve Price:₹21,82,680
EMD:₹2,18,268
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 01.00 p.m.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
This auction features a parcel of land located in Kandamangalam, Villupuram, Tamil Nadu. The property is being offered by TRUHOME FINANCE LIMITED under SARFAESI auction proceedings. This is a valuable opportunity to acquire land in a developing area. The reserve price for this auction is 2,182,680.0, with an Earnest Money Deposit (EMD) of 218,268.0 required to participate.
State:Tamil Nadu
City:Villupuram
Area:Kandamangalam
Asset Category:Residential
Full Address:Navamalmarudur Village (Ambedkar Street), Natham New S.No. 369/6, Navamalmarudur Village, Villupuram
Size:00124 Sq.Mtr
Auction Description
TRUHOME FINANCE LIMITED presents a SARFAESI auction for land in Kandamangalam, Villupuram, Tamil Nadu. The auction will take place on 18-11-2025, starting at 11:00 AM and concluding at 01:00 PM. The reserve price is set at 2,182,680.0, and the EMD is 218,268.0. This is a direct opportunity to bid on a property formerly associated with borrower Mr. Narayanamoorthi.
Borrower Name:Mr. Narayanamoorthi
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Balammal
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known
Why This Property
The land parcel in Kandamangalam presents a calculated opportunity due to its location and reasonable reserve price. While it's a land investment, the auction terms and potential for future development warrant consideration. Further due diligence on local market conditions is advised before bidding.
Contact Details
Branch:Branch Office : Head Office : Mumbai
Service Provider:bankauctions.in
Contact Details:
James Clement
Contact no:7200281906
