Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610289
Bank Name:Indian Overseas Bank
Branch Name:Chennai
Reserve Price:₹23,28,000
EMD:₹2,32,800
Bid Increment:₹25,000
Auction Time:11:00 a.m. and 3:00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-18
Property Description
This is a residential flat located in Avadi, Chennai, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. It represents an excellent opportunity for prospective buyers seeking a home in a well-connected part of Chennai. The area is known for its accessibility and amenities.
State:Tamil Nadu
City:Chennai
Area:Avadi
Asset Category:Residential
Full Address:C-204, Mahindra Happinest Avadi, Flat No. C-204, Second Floor, Block C, Wing C, Mahindra Happinest Avadi, Off Avadi Poonamallee High Road, Paruthipattu Village, Avadi, Chennai 600062, Avadi, Chennai
Building/Society:Mahindra Happinest Avadi
Size:452.62 Sq. FT
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Avadi, Chennai. The auction has a reserve price of INR 23,28,000 and requires an EMD of INR 2,32,800. The auction will take place on November 18, 2025, starting at 11:00 AM and concluding at 03:00 PM. Interested bidders are advised to review all auction terms and conditions prior to participating.
Borrower Name:Mr. Harkesh Singh
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Astha Sood
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property offers decent value given its location in Avadi, a developing part of Chennai. The reserve price is moderate. However, potential bidders should carefully evaluate the property's specific location within Avadi and the overall demand for residential flats in that area before making a bid.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mr.V R Hemanth Kumar
Contact no:8108187929
