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Property for Auction in bahour, Puducherry, Puducherry

Property Type IconProperty Type:
Commercial Property
Location IconLocation:
bahour, Puducherry
Auction Date IconAuction Date:
25-03-2025 12:00 PM

Auction Details

Auction ID:465454

Bank Name:Indian Overseas Bank

Branch Name:Chennai

Reserve Price:6,88,27,000

EMD:68,82,700

Service Provider:BAANKNET

Important Dates

Submission Date:25-03-2025 10:00 AM

Bid Start Date:25-03-2025 12:00 PM

Property Description

The property is a commercial asset located in Bahour, Puducherry, under the purview of Indian Overseas Bank. It comprises several plots identified by Cadastre and R.S. numbers within Sooramangalm village, Kariamanickam R.V. The total extent of the site across the four items is substantial, featuring a Rice Mill Shed (Shed I and Shed II with various constructions like lean-to roofs, mezzanine floors, and first floors) and a Dal Mill Shed (Shed II with similar construction details). The property is situated within Nettapakkam Commune Panchayat limits and Bahour Sub-RD. The ownership is noted to be with Mr. A. Selvarangam and Mr. S. Aravinthan (Partners of ASR Rice Industries) for most plots, and Mrs. Reriagadevi (partner of ASR Rice & Dal Mill) for one plot. The combined extent of the site across the four items is 86450 Sq. Ft. + 87120 Sq.Ft. + 28750 Sq.Ft. + 21780 Sq.Ft. The property boundaries are detailed, with adjacent lands belonging to the owners, other settlers, and specific survey numbers. The auction is for all four items sold as a single lot.

State:Puducherry

City:Puducherry

Area:bahour

Asset Category:Commercial

Auction Description

Indian Overseas Bank is conducting a SARFAESI auction for a commercial property located in Bahour, Puducherry. The property, previously owned by M/s ASR Rice Industries, consists of multiple plots totaling a significant area, with structures including rice mill sheds and a dal mill shed. The auction is scheduled for March 25, 2025, with a reserve price of 68,827,000.00.

Borrower Name:M/s ASR Rice Industries

Auction Type:SARFAESI Auction

Contact Details

Contact Person: Mr.Abhay Kardam Mob: 87553 64735

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