Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612462
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹10,80,000
EMD:₹1,08,000
Bid Increment:₹10,000
Auction Time:11.30 AM & 12.30 PM with unlimited extensions of 5 minutes each.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A residential plot located in Pernambut, Vellore, Tamil Nadu. This plot is offered by Canara Bank as part of a SARFAESI auction. The property is situated in a developing area, offering an opportunity for prospective buyers to acquire land in Vellore.
State:Tamil Nadu
City:Vellore
Area:Pernambut
Asset Category:Residential
Full Address:9, Western portion of Plot No:9. Survey No: Govt. Punja S.No:496/2, Pernambut, Vellore
Size:1500 Sq. feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Pernambut, Vellore, Tamil Nadu. The auction will take place on November 21, 2025, from 11:30 AM to 12:30 PM. The reserve price for this property is INR 10,80,000, with an Earnest Money Deposit (EMD) of INR 1,08,000. This is a prime opportunity for investors and individuals looking to purchase property in the Vellore region.
Borrower Name:M/s. JM W LEATHERS
Auction Type:SARFAESI Auction
Guarantor Names:J.SAWOOD AHMED, J.IQBAL AHMED, J.MASWOOD AHMED
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Pernambut, Vellore, presents a calculated opportunity due to its location and size. The reserve price is reasonable, but potential investors should assess local market conditions. The auction terms are standard, making it a moderate-risk investment.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:9655038759
