Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613225
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹1,02,38,000
EMD:₹10,20,000
Bid Increment:₹1,00,000
Auction Time:11:00 am to 04:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a residential plot located in Walaja, Vellore, Tamil Nadu. The property is being auctioned by Punjab National Bank under SARFAESI rules. It is an excellent opportunity to acquire land in a developing area of Vellore.
State:Tamil Nadu
City:Vellore
Area:Walaja
Asset Category:Residential
Full Address:42, SIDCO Industrial Estate, Plot No 42, SIDCO Industrial Estate, SIPCOT, Ranipet, Walaja Taluk, Vellore District-632403 Chennai, SIPCOT, Vellore
Building/Society:SIDCO Industrial Estate
Size:7000 Sq Feet
Auction Description
Punjab National Bank is conducting an online auction for a residential plot in Walaja, Vellore. The auction will be held on 26-11-2025, starting at 11:00 AM and ending at 04:00 PM. The reserve price is ₹1,02,38,000 with an EMD of ₹10,20,000. This is a SARFAESI auction for the property of M/s GENUINE INTERNATIONAL.
Borrower Name:M/s GENUINE INTERNATIONAL
Auction Type:SARFAESI Auction
Guarantor Names:Mr N Azeez Rahman, K Ganesh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in an industrial area, which has potential for development. The reserve price is reasonable, but symbolic possession adds a layer of complexity. This warrants a 'Calculated Opportunity' rating, requiring due diligence before investing.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8451880664
