Plot for auction T5 West of the Street, Pune by City Union Bank

Discover a prime investment opportunity in Kumbakonam, Tamil Nadu, with this strategically located vacant land parcel offered by City Union Bank. Situated in Municipal Ward No. 4 of the Kumbakonam Registration District, within the well-regarded Amman Kol Arasalar Viszhinadappu Sheet, this plot holds significant potential for residential development. The property, identified as Town S.No. 1003/1A2 (or T5 No. 1003/60), spans an area of 612 square feet, with precise dimensions of 17 feet from North to South and 36 feet from East to West. Its boundaries are clearly defined, bordered by a street to the North and West, property belonging to KL. Krishnamoorthy to the South, and the House of Semboda Colony to the East. This presents an ideal canvas for constructing a bespoke residential home or as a valuable addition to an investment portfolio in a steadily appreciating area known for its cultural significance and accessibility.

For prospective buyers, this auction presents an excellent opportunity to acquire property through City Union Bank's transparent SARFAESI auction process. The e-auction for this residential plot is scheduled for July 23, 2025, commencing at 11:00 AM and concluding at 01:00 PM. A reserve price of INR 1,400,000.00 has been set, requiring an Earnest Money Deposit (EMD) of INR 140,000.00 to participate. It is crucial to submit your application for participation by July 22, 2025, 05:00 PM. Interested parties should conduct thorough due diligence, including legal verification and physical inspection of the property, prior to the auction. For any clarifications or to arrange a viewing, you may contact the Credit Recovery and Management Department via phone at 0435-3412321 or mobile at 5544301132. Understanding the terms and conditions outlined by Public Auction, the service provider, is paramount for a successful bid.