Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614603
Bank Name:Punjab National Bank
Branch Name:ASSET RECORD FLOORMENT BRANCH SOUTH DELHI
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
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This is a prime residential plot located in Walajah, Vellore, Tamil Nadu. The property is being auctioned by Punjab National Bank under SARFAESI Act. It offers an excellent opportunity for development or investment in a growing locality. The plot is situated in a well-connected area with all essential amenities nearby.
State:Tamil Nadu
City:Vellore
Area:Walajah
Asset Category:Residential
Full Address:42, SIDCO Industrial Estate, Plot No 42, SIDCO Industrial Estate, Sipcot, Ranipet, Walajah, Vellore
Building/Society:SIDCO Industrial Estate
Size:7000 Sq Feet
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential plot in Walajah, Vellore. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is INR 54,00,000, with an EMD of INR 5,40,000. This is a significant opportunity to acquire a valuable asset at a competitive price.
Borrower Name:Mis GENUINE INTERNATIONAL
Auction Type:SARFAESI Auction
Guarantor Names:Mr N Azeez Rahman
Legal Details
Possession Status:Symbolic
Encumbrance Details:There is no SA pending / stay on sale of property
Why This Property
The property presents a calculated opportunity due to its location in an industrial estate and size, making it suitable for specific industrial purposes. The reserve price appears reasonable, but thorough due diligence regarding market value and potential encumbrances is essential before bidding. The symbolic possession status adds a layer of risk.
Contact Details
Branch:Branch Office : ASSET RECORD FLOORMENT BRANCH SOUTH DELHI
Service Provider:BAANKNET
Contact Details:
Rajesh Kumar
Contact no:8451880664
