Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612863
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹1,12,00,000
EMD:₹11,20,000
Bid Increment:₹1,00,000
Auction Time:12:00 Noon. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:10-12-2025 05:00 PM
Bid Start Date:2025-12-11
Property Description
This is a residential flat located in Sholinganallur, Kanchipuram, Tamil Nadu. The property is being auctioned by Union Bank of India under SARFAESI rules. The reserve price for this auction is ₹1,12,00,000 and the Earnest Money Deposit (EMD) is ₹11,20,000. Further details regarding the specific flat, its dimensions, amenities, and condition should be obtained directly from the auction notice.
State:Tamil Nadu
City:Kanchipuram
Area:Sholinganallur
Asset Category:Residential
Full Address:113, Boulevard, Flat/apartment No.113, Block No. 1 in the residential apartment named Boulevard (at Door No 3/381), Sholinganallur, Chennai
Building/Society:Boulevard
Size:1345 sq. ft
Auction Description
Union Bank of India is conducting an SARFAESI auction for a residential flat in Sholinganallur, Kanchipuram, Tamil Nadu. The auction will take place on 11-12-2025, starting at 12:00 PM and concluding at 05:00 PM. The reserve price is set at ₹1,12,00,000, with an EMD of ₹11,20,000 required to participate. This auction pertains to an asset mortgaged by M/s. Hillord Pharmaceutical India Private Limited. Interested bidders are advised to review the full auction terms and conditions provided by the bank.
Borrower Name:M/s. Hillord Pharmaceutical India Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.Saravanan, Mr.K. Ranjith Kumar, Mrs. Kiruthika, Mrs.M.M.Selvanayaki, Mrs. Priyadharshini Athreya, Mr.R.Natarajan
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
Located in Sholinganallur, Chennai, this flat offers a decent opportunity considering the location and size. The reserve price seems reasonable, but potential buyers should investigate the property's condition and the society's financials. It's a calculated opportunity given the symbolic possession status.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Mr. Bimal Sukumar.A
Contact no:9769479168
