Plot for auction Uthagamandalam Nilgiris 69 lakh Union Bank of India

This is a SARFAESI auction for a residential plot located in Uthagamandalam, Nilgiris, Tamil Nadu. The property is being auctioned by Union Bank of India. The plot offers a prime location in the scenic Nilgiris district. Ideal for residential development, this asset presents a unique opportunity for investors and individuals seeking to build their dream home in a sought-after area. The auction is conducted under the SARFAESI Act, ensuring a transparent and legally sound process.

Union Bank of India is conducting an online SARFAESI auction for a residential plot in Uthagamandalam, Nilgiris, Tamil Nadu. The auction will take place on November 28, 2025, from 12:00 PM to 5:00 PM. The reserve price for this property is ₹68,50,000, with an Earnest Money Deposit (EMD) of ₹6,85,000 required to participate. This is a fantastic opportunity to acquire a valuable plot of land in a desirable location. Interested bidders are advised to review all auction terms and conditions carefully before participating.

The plot's location in Uthagamandalam is promising, but the relatively high reserve price warrants careful consideration. While the symbolic possession reduces immediate usability, the auction terms are standard, making it a calculated opportunity for those familiar with the local real estate market.