Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613530
Bank Name:Phoenix ARC Private Limited
Branch Name:Vile Parle East Mumbai
Reserve Price:₹45,00,000
EMD:₹4,50,000
Auction Time:11:00 AM to 02:00 PM
Service Provider:Auctionbazaar
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This auction features a residential plot located in Valapadi, Salem, Tamil Nadu. The property is being auctioned by Phoenix ARC Private Limited under SARFAESI regulations. Ideal for development or investment, this plot offers a prime opportunity in a developing area. Situated in the well-connected city of Salem, it provides accessibility and potential for future growth.
State:Tamil Nadu
City:Salem
Area:Valapadi
Asset Category:Residential
Full Address:S F No: 133/9C, Muthampatti Village, Valappadi Sub Reg, Salem East Reg, Valappadi Tk, Salem Dt, Tamil Nadu 636111, Valapadi, Salem
Auction Description
Phoenix ARC Private Limited is conducting a SARFAESI auction for a residential plot in Valapadi, Salem, Tamil Nadu. The auction will commence on November 27, 2025, at 11:00 AM and conclude at 02:00 PM on the same day. The reserve price for this plot is ₹45,00,000, with an Earnest Money Deposit (EMD) of ₹4,50,000 required to participate. This is a direct opportunity to acquire a valuable asset directly from the bank.
Borrower Name:Elayaraja Velayutham
Auction Type:SARFAESI Auction
Guarantor Names:Madheshwari Elayaraja
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in Valapadi, Salem, presenting a calculated opportunity for investment. The reserve price is moderate, making it accessible for some investors, but potential buyers should thoroughly assess the land's development potential and local market conditions before bidding.
Contact Details
Branch:Branch Office : Vile Parle East Mumbai
Service Provider:Auctionbazaar
Contact Details:
Contact no: —
