Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610339
Bank Name:South Indian Bank
Branch Name:Regional Office : Chennai
Reserve Price:₹23,50,000
EMD:₹2,35,000
Auction Time:11:00 AM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a SARFAESI auction for a car located in the prime area of Nungambakkam, Chennai, Tamil Nadu. The property is offered by South Indian Bank on behalf of the borrower, Mr. Mohanan Abraham. The auction presents a valuable opportunity to acquire a vehicle in a well-connected and desirable city location.
State:Tamil Nadu
City:Chennai
Area:Nungambakkam
Asset Category:Vehicle Auctions
Full Address:Hameediya Centre, No.43, Ground Floor, Hameediya Centre, Haddows Road, Nungambakkam, Chennai-600006., Nungambakkam, Chennai
Building/Society:Hameediya Centre
Auction Description
South Indian Bank presents a SARFAESI auction for a car in Nungambakkam, Chennai. The auction will be held on December 10, 2025, from 11:00 AM to 1:00 PM. The reserve price is set at ₹23,50,000, with an Earnest Money Deposit (EMD) of ₹2,35,000 required to participate. This is a unique chance to bid on a vehicle in a prominent Chennai locality.
Borrower Name:Mr. Mohanan Abraham
Auction Type:SARFAESI Auction
Guarantor Names:Mrs Molly Abraham, Mr.Manoj M. Kurizingal, Ms Anu K Mohanan, Mr.Binu Mohanan.K
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The Land Rover auction in Nungambakkam presents a moderate opportunity, given the vehicle type and location. The reserve price seems reasonable, warranting a closer look. Potential buyers should conduct thorough due diligence before participating.
Contact Details
Branch:Branch Office : Regional Office : Chennai
Service Provider:Public Auction
Contact Details:
Mr.Gnanaprakash S
Contact no:9791747678
