Plot for auction Vadiveeswaram South village Nagercoil 22 lakh Indian Bank

This is a prime residential plot located in Nagercoil, Chennai, Tamil Nadu. The property is part of a SARFAESI auction conducted by Indian Bank. It offers a great opportunity for investment or development in a sought-after area. The plot is being auctioned due to the default of M/s. S P Traders.

Indian Bank is holding a SARFAESI auction for a residential plot in Nagercoil, Chennai, Tamil Nadu. The auction begins on November 19, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price for this valuable plot is ₹22,00,000, with an Earnest Money Deposit (EMD) of ₹2,20,000 required to participate. Don't miss this chance to acquire a property in a developing locality.

The property, a vacant plot in Nagercoil, presents a calculated opportunity due to its location and relatively modest reserve price. While the lack of specific development plans and potential encumbrances necessitate due diligence, the auction terms are standard and may attract local investors seeking land acquisition. The final rating considers the balance between potential returns and inherent risks.