Property Type:
Location:
Auction Date:Auction Details
Auction ID:568069
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE - CHENNAI
Reserve Price:₹22,42,000
EMD:₹2,24,200
Service Provider:BAANKNET
Important Dates
Submission Date:11-09-2025 02:30 PM
Bid Start Date:11-09-2025 11:00 AM
Property Description
A residential flat located in the bustling Sowcarpettai area of Chennai, Tamil Nadu. This property is being offered for sale by the Indian Overseas Bank through a SARFAESI auction. Situated in a well-established locality, it presents an opportunity for homeownership or investment in one of Chennai's vibrant commercial and residential hubs. The property's exact specifications and condition are to be verified by interested bidders.
State:Tamil Nadu
City:Chennai
Area:Sowcarpettai
Asset Category:Residential
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Sowcarpettai, Chennai. The auction has a reserve price of INR 2,242,000 and requires an Earnest Money Deposit (EMD) of INR 224,200. The auction will take place on 11-09-2025, with bidding open from 11:00 AM to 3:00 PM. This is a legal process initiated under the SARFAESI Act, aimed at recovering bank dues from the borrower, M/s Moulye Home Needs. Prospective bidders are advised to conduct their due diligence regarding the property and the auction terms.
Borrower Name:M/s Moulye Home Needs
Auction Type:SARFAESI Auction
Contact Details
Suryadeo Kumar Mob: 93044 87789,Contact no:89259 50348
