Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609461
Bank Name:Edelweiss Asset Reconstruction Company Limited
Branch Name:Retail Central & Regd. Office: Mumbai
Reserve Price:₹35,00,000
EMD:₹3,50,000
Auction Time:11:00 AM
Service Provider:edelweiss arc
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Ambattur, Chennai, Tamil Nadu. The property is being auctioned by Edelweiss Asset Reconstruction Company Limited under the SARFAESI Act. It is an excellent opportunity for buyers looking for a property in a well-developed area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Ambattur
Asset Category:Residential
Full Address:B 103, Ohm Tower, Flat Bearing No.B 103, First Floor, Ohm Tower, No.24, Rajendra Prasad Road, Vinayagapuram, Ambattur, Chennai 600 053, Of Oragadam Village, Ambattur Taluk, Tiruvallur District, Ambattur, Chennai
Building/Society:Ohm Tower
Size:962 Square Feet
Auction Description
Edelweiss Asset Reconstruction Company Limited is conducting a SARFAESI auction for a residential flat in Ambattur, Chennai. The auction will take place on November 19, 2025, from 11:00 AM to 12:00 PM. The reserve price for this auction is ₹35,00,000, with an Earnest Money Deposit (EMD) of ₹3,50,000 required to participate. This auction presents a unique chance to acquire property linked to M/S. Golden Bay Resorts.
Borrower Name:M/S. Golden Bay Resorts
Auction Type:SARFAESI Auction
Guarantor Names:Chitra Bakthavathsalam A, Prabhu B, Yogesh B
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Ambattur, Chennai, and its relatively affordable reserve price make it a calculated opportunity. While not a prime investment, the size and residential nature offer potential for rental income or personal use. The auction terms appear standard, warranting further due diligence before bidding.
Contact Details
Branch:Branch Office : Retail Central & Regd. Office: Mumbai
Service Provider:edelweiss arc
Contact Details:
Contact no:18002666540
