Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614191
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 desirable residential flat located in the well-connected Egmore area of Chennai, Tamil Nadu. This property is being auctioned by Canara Bank under the SARFAESI Act. Egmore is a prime locality offering excellent connectivity, social infrastructure, and proximity to essential amenities. Ideal for individuals or families seeking a home in a sought-after urban setting.
State:Tamil Nadu
City:Chennai
Area:Egmore
Asset Category:Residential
Full Address:A & B, Lord Balaji Apartments, Plot No 9. Door No 205, Periyar Pathai, Choolaimedu, Chennai-600094, Egmore, Chennai
Building/Society:Lord Balaji Apartments
Size:2750 Sq Ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Egmore, Chennai. The auction will take place on November 29, 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is ₹1,91,00,000, with an Earnest Money Deposit (EMD) of ₹19,10,000 required to participate. This is a significant opportunity to acquire a property in a prime Chennai location through a transparent banking auction process.
Borrower Name:M/S. ABCO Lifestyle Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. C A Mohammed Hanif, Mr. Amal Petersen
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in the well-connected area of Egmore, Chennai, this residential flat provides a stable investment opportunity. The property's attractive reserve price and clear auction terms, combined with its reasonable size, make it a worthwhile consideration. Given the location and demand for residential properties, this presents a promising investment prospect.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-28496339/28496900
