Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613733
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹10,26,000
EMD:₹1,03,000
Auction Time:05:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in Ottapidaram, Thoothukudi, Tamil Nadu. The property is being auctioned by IDBI Bank under the SARFAESI Act. The plot offers a prime location within the city, making it an excellent opportunity for residential development or investment. Its accessibility and the growing urban landscape of Thoothukudi enhance its appeal. The borrower for this asset is M/s. Jerry Home Appliances.
State:Tamil Nadu
City:Thoothukudi
Area:Ottapidaram
Asset Category:Residential
Full Address:R. S.No. 292/2A, Patta. No. 663, Muppilivetti Road, Ottapidaram Village, Ottapidaram Taluk, Ottapidaram Sub-Registrar, Thoothukudi Registration, Ottapidaram, Thoothukudi
Size:1.08 Acres
Auction Description
IDBI Bank is conducting an online SARFAESI auction for a valuable residential plot in Ottapidaram, Thoothukudi, Tamil Nadu. The auction will take place on November 26, 2025, with bidding open from 5:00 PM to 6:00 PM. The reserve price for this plot is ₹10,26,000, and the Earnest Money Deposit (EMD) required is ₹1,02,600. This is a fantastic opportunity to acquire a plot in a developing area of Tamil Nadu. Interested bidders are advised to review all auction terms and conditions provided by IDBI Bank.
Borrower Name:M/s. Jerry Home Appliances
Auction Type:SARFAESI Auction
Guarantor Names:Smt. D. Jerry, Shri C. Davidson
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Ottapidaram presents a calculated opportunity due to its location and size. The reserve price appears reasonable; however, thorough due diligence is advised. This property could yield favorable returns with strategic development.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
S A Abraham
Contact no:9677747775
