Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614192
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,91,00,000
EMD:₹19,10,000
Bid Increment:₹1,00,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
A residential flat located in Choolaimedu, Chennai, Tamil Nadu. This property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for individuals or families seeking a home in a well-established area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Choolaimedu
Asset Category:Residential
Full Address:A & B, Lord Balaji Apartments, Plot No 9. Door No 205, Periyar Pathal, Choolaimedu, Chennai-600094, Choolaimedu, Chennai
Building/Society:Lord Balaji Apartments
Size:2750 Sq Ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Choolaimedu, Chennai. The reserve price is INR 1,91,00,000, with an Earnest Money Deposit (EMD) of INR 19,10,000. The auction will take place on November 29, 2025, between 10:30 AM and 11:30 AM. This is a prime opportunity to acquire property directly from the bank.
Borrower Name:M/S. ABCO Lifestyle Private Limited
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is well-located in Choolaimedu, a good residential area in Chennai, and offers a substantial living space. The reserve price, while significant, could represent a value opportunity given the area and property type. Auction terms are standard, making it a solid investment prospect.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
