Industrial land & Building for sale in Vellore, Vellore, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 26/Dec/2024 11:00 
Assets Code: BOA-EB-36423
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
151, ACR NAGAR, KANDRAMPALLI ROAD, THUTHIPET, AMBUR-635811
Additional Details
ALL PIECE AND PARCEL OF LAND ADMEASURING 1.00 ACRE OR 0.40.5 HECTARE (OUT OF TOTAL EXTENT 1.22.0 HECTARE OR 3.01 ACRE) WITH BUILDING THEREON COMPRISED IN SURVEY NO.151 SITUATED AT NORTHERN EXTENSION TO M/S.AZEEZ LEATHERS EXPORTS, THUTHIPET REVENUE VILLAGE & PANCHAYAT, AMBUR TALUK, VELLORE DISTRICT ANDBOUNDED ON THENORTH OF NATTAMKAR VAGAIRA OWNED LANDSOUTH OF NATTAMKAR OWNED LAND AND PROPERTIES OWNED BY IRSHAD ALI, IRBAN ALI AND IMRAN ALIEAST OF NARAYANAN PURCHASED LAND AND BALANCE LAND UNDER THE INCHARGE OF THE VENDOR C AHMEDBASHA SAIBUWEST OF PROPERTY OWNED BY MR. K ABDUL AZEEZLYING WITHIN SUB REGISTRATION DISTRICT OF AMBUR AND REGISTRATION DISTRICT OF VELLORE.
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
