Property for Auction in Chetpet, Chennai, Tamil Nadu
Auction ID:441998
Bank Name:Indian Overseas Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹7,78,05,000
EMD:₹77,80,500
Service Provider:BAANKNET
Submission Date:20-02-2025 05:00 PM
Bid Start Date:24-02-2025 12:00 PM
The property consists of residential flats located at No.48, Harrington Road, Chetpet, Chennai-600030. Each unit includes a 1/6th undivided share of land measuring 1040.16 sq.ft and a built-up area of 1300 sq.ft. Specifically, the auction includes: Item No.2b: A flat on the Second Floor (Rear Portion) in the name of Mr. Pradeep Bafna. Item No.2c: A flat on the Third Floor (Rear Portion) in the name of Mr. Anil Bafna. These properties were mortgaged to Indian Overseas Bank for housing loans. The area is Chetpet, Chennai, Tamil Nadu.
State:Tamil Nadu
City:Chennai
Area:Chetpet
Asset Category:Residential
This is a SARFAESI auction conducted by Indian Overseas Bank for residential flats in Chetpet, Chennai. The auction features three properties, each with 1/6th undivided share of land (1040.16 sq.ft) and a built-up area of 1300 sq.ft. The properties are located at No.48, Harrington Road, Chetpet, Chennai-600030. Item 2b is a flat on the Second Floor (Rear Portion) in the name of Mr. Pradeep Bafna. Item 2c is a flat on the Third Floor (Rear Portion) in the name of Mr. Anil Bafna. The reserve price for this auction is not explicitly stated as a single value but implies it's for each property. The Earnest Money Deposit (EMD) is 77,80,500.00. The auction is scheduled for February 24, 2025, from 12:00 PM to 3:00 PM. Applications for participation must be submitted by February 20, 2025, 5:00 PM. For inquiries, contact Rameshwar Soren at 88022 43377.
Borrower Name:M/s.Jain Granites & Projects India Limited
Auction Type:SARFAESI Auction
Contact No : Rameshwar Soren 88022 43377