Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610875
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹52,15,000
EMD:₹5,50,000
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
A prime plot of land located in Oulgaret, Puducherry, offered for auction by Indian Bank. This residential plot presents a fantastic opportunity for development or investment in a sought-after area. The property is situated in a well-connected locality within Puducherry, offering convenient access to essential amenities and services.
State:Puducherry
City:Puducherry
Area:Oulgaret
Asset Category:Residential
Full Address:28, Prashanthi Nagar, R.S.No. 13/2, Cad No.2568, Village No. 34, Plot No 28, Prashanthi Nagar, Dharmapuri, Thattanchavady Revenue Village, Oulgaret, Puducherry
Building/Society:Prashanthi Nagar
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable plot in Oulgaret, Puducherry. The auction has a reserve price of INR 52,15,000 and requires an Earnest Money Deposit (EMD) of INR 5,50,000. Bidders are advised to review all terms and conditions carefully. The auction will take place on November 19, 2025, commencing at 12:00 PM and concluding at 4:00 PM.
Borrower Name:M/s Padma Packaging
Auction Type:SARFAESI Auction
Guarantor Names:Mr. P.Soundarapandian, Mr. K.Pannerselvam
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The plot's location in Oulgaret, Puducherry, offers moderate investment potential. While the reserve price is reasonable, a more thorough market analysis is needed to assess its true value. Due to the symbolic possession and auction terms, it is best viewed as a calculated opportunity.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no: —
