Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614180
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹59,00,000
EMD:₹5,90,000
Bid Increment:₹1,00,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
A residential flat located in the well-developed area of Saligramam, Chennai, Tamil Nadu. This property is being auctioned by Canara Bank under the SARFAESI Act. It offers an excellent opportunity for homeownership or investment in a prime urban location. The property is categorized as a residential flat and is an asset being liquidated by the bank.
State:Tamil Nadu
City:Chennai
Area:Saligramam
Asset Category:Residential
Full Address:S-1, KB's AKSHYAM, Old Door No. 11, New No. 48, Gangappa Street, Saligramam, Saligramam, Chennai
Building/Society:KB's AKSHYAM
Size:610 sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Saligramam, Chennai. The auction will take place on 29-11-2025, with bidding open from 10:30 AM to 11:30 AM. The reserve price for this property is ₹59,00,000, and the Earnest Money Deposit (EMD) required is ₹5,90,000. This is a bank auction opportunity, details of which are available from Canara Bank.
Borrower Name:Mr. Vijay Sai Prakash
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. P Bhuvaneswari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Saligramam, a well-established area in Chennai, offered at a reasonable reserve price. While the property type and location provide a stable investment base, potential investors should carefully evaluate the auction terms and conditions before bidding.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-28496339/28496900
