Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612342
Bank Name:Bank of Baroda
Branch Name:Zonal Stressed Asset Recovery Branch
Reserve Price:₹3,54,00,000
EMD:₹35,40,000
Bid Increment:₹1,00,000
Auction Time:02:00 p.m. to 6.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:11-12-2025 05:00 PM
Bid Start Date:2025-12-12
Property Description
This auction features an industrial shed located in Arakonam, Vellore, Tamil Nadu. The property, owned by M/s Pioneer Leder Tex Private limited, is being auctioned by the Bank of Baroda under the SARFAESI Act. This is a prime opportunity to acquire an industrial asset in a developing region. The property's specific location and dimensions will be detailed in the full auction notice. Potential buyers are encouraged to conduct their own due diligence regarding the property's condition, zoning, and potential uses.
State:Tamil Nadu
City:Vellore
Area:Arakonam
Asset Category:Industrials
Full Address:SIDCO Industries Ltd, In the District of Vellore in the Registration District of Arakkonam in the circle of the Walaja in registration of WALAJA NAGAR, KARAI Village, Survey No. 64(P), 66(P) and 83(P) and in piece of part of WALAJA NAGAR in VANAPADI Village, Survey No. 287, Industrial Plots in the name of SIDCO Industries Ltd and No 196 of Developed plots, bounded on East by Road, North by Road, West by Plot No 21, and South by Plot No 197, Arakonam, Vellore
Building/Society:SIDCO Industries Ltd
Size:43750 Sq. ft
Auction Description
Bank of Baroda presents a SARFAESI auction for an industrial shed in Arakonam, Vellore, Tamil Nadu. The auction will be held on December 12, 2025, from 2:00 PM to 6:00 PM. The reserve price for this asset is ₹3,54,00,000, with an Earnest Money Deposit (EMD) of ₹35,40,000 required to participate. This is a significant opportunity for investors and businesses looking to acquire industrial property. All interested parties must review the complete auction terms and conditions provided by the Bank of Baroda before bidding. Please ensure all documentation is in order prior to the auction date.
Borrower Name:M/s Pioneer Leder Tex Private limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Abdul Careem Abdul Muthalif, Mr.Harris Ahamed Mohammed Farook, Mrs. Majitha Begum Mohamed Farook, Mrs. Shabana Yasmin, Mrs.Bareera Begum, Ms.M.Thasneem Sameena, Mr.A.Ameenul Muthalif, Mr.Shafi Ahamed, Mrs. Regina Begum, Mr.A.Mohamed Nazar, Mrs.Sharmila Begum
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is an industrial shed in the Vellore district. While the location is industrial, the reserve price needs careful evaluation against market value. The physical possession status adds a positive aspect to the investment, but further due diligence is advised.
Contact Details
Branch:Branch Office : Zonal Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-23454384
