Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610873
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹20,12,000
EMD:₹2,50,000
Bid Increment:₹10,000
Auction Time:12:00 PM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
An excellent opportunity to acquire a residential plot in Nettappakkam, Puducherry. This plot is part of a SARFAESI auction conducted by Indian Bank. The property is located in a developing area, offering potential for residential construction or investment. Ideal for individuals or developers looking for land in Puducherry.
State:Puducherry
City:Puducherry
Area:Nettappakkam
Asset Category:Residential
Full Address:11, R.S.No. 17/8 (as per Document) R.S.NO.17/8/A(As per Settlement), Cad No.78, Patta No. 19, Plot No. 11, in Village No.65, Karikalambakkam Village, Nettappakkam, Puducherry
Size:96 Sq mt
Auction Description
Indian Bank is pleased to announce a SARFAESI auction for a valuable residential plot in Nettappakkam, Puducherry. The auction has a reserve price of INR 20,12,000 and requires an Earnest Money Deposit (EMD) of INR 2,50,000. The auction will be conducted online on November 19, 2025, starting at 12:00 PM and concluding at 4:00 PM. This is a unique chance to purchase property through a transparent bidding process.
Borrower Name:M/s Sri Ganapathy Rice Mill
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. A.Gnanachoundhari, S.Shanmugasundar
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property, a plot in Nettappakkam, Puducherry, presents a calculated opportunity due to its location and reserve price. While not a prime investment, the auction terms and potential for development make it a reasonable option for those familiar with the local market. A thorough due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no: —
