Property for Auction in Walaja, Vellore, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613226
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹94,00,000
EMD:₹9,40,000
Bid Increment:₹1,00,000
Auction Time:11:00 am to 04:00 pm
Service Provider:BAANKNET
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
This is a prime plot of land located in Walaja, Vellore, Tamil Nadu, offered for auction by Punjab National Bank. The property is classified as residential and presents an excellent investment opportunity in a developing area. Situated within the jurisdiction of the Vellore district, it provides convenient access to local amenities and transportation networks. The plot is being sold through a SARFAESI auction, indicating a clear title and a straightforward transaction process. Ideal for developers or individuals looking to build their dream home or a profitable venture.
State:Tamil Nadu
City:Vellore
Area:Walaja
Asset Category:Residential
Full Address:42, SIDCO Industrial Estate, SIPCOT, Plot No 42, SIDCO Industrial Estate, SIPCOT, Ranipet, Walaja, Vellore
Building/Society:SIDCO Industrial Estate, SIPCOT
Size:7000 Sq Feet
Punjab National Bank is conducting an online SARFAESI auction for a valuable residential plot in Walaja, Vellore, Tamil Nadu. The auction will take place on November 26, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this attractive property is ₹94,00,000, with an Earnest Money Deposit (EMD) of ₹9,40,000 required to participate. This is a fantastic opportunity to acquire a significant asset directly from the bank. Interested bidders are encouraged to review all auction terms and conditions on the bank's official portal.
Borrower Name:M/s GENUINE INTERNATIONAL CC
Auction Type:SARFAESI Auction
Guarantor Names:Mr N Azeez Rahman
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property, a plot in Walaja, Vellore, presents a calculated opportunity due to its industrial zoning and substantial size. The reserve price and EMD are considerable, requiring thorough due diligence. The symbolic possession status adds a layer of complexity.
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8451880664