Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614002
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹20,00,000
EMD:₹2,00,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential land and building property located in the Sholinganallur area of Kanchipuram, Tamil Nadu. Previously owned by M/s. ZERAH FASHIONS, this asset is being auctioned by Indian Bank under the SARFAESI Act. The property offers a prime location within a developing area, presenting an excellent opportunity for investment or personal use. Interested parties should review all auction terms and conditions carefully.
State:Tamil Nadu
City:Kanchipuram
Area:Sholinganallur
Asset Category:Residential
Full Address:B, D S Builders, Door No.6, Flat No.B, Kalaimagal Street, Puzhuthivakkam, Chennai-600 091, Puzhuthivakkam, Chennai
Building/Society:D S Builders
Size:550 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land and building in Sholinganallur, Kanchipuram, Tamil Nadu. The auction will commence on November 24, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price for this auction is INR 2,000,000, with an Earnest Money Deposit (EMD) of INR 200,000 required to participate. This is a unique opportunity to acquire property through a transparent bank auction process.
Borrower Name:M/s.ZERAH FASHIONS
Auction Type:SARFAESI Auction
Guarantor Names:Mr.P S Mohammed Ibrahim
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is a residential flat in Chennai with a moderate prime property score. It's located in Sholinganallur, a developing area, and is offered at a reasonable reserve price. However, potential investors should carefully assess the location and property conditions.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
