Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614185
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹45,00,000
EMD:₹4,50,000
Bid Increment:₹50,000
Auction Time:10.30 AM to 11.30 AM with unlimited extensions of 5 minutes each.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a SARFAESI auction by Canara Bank for a valuable Land and Building property located in Sholinganallur, Kanchipuram, Tamil Nadu. The property, previously owned by Mr. E. Lokesh, falls under the residential asset category. It presents a unique opportunity for investment or personal use in a developing area.
State:Tamil Nadu
City:Kanchipuram
Area:Sholinganallur
Asset Category:Residential
Full Address:204, Sai Anukshaa Tower, Flat No 204, Second Floor, "Sai Anuksha Tower", Plot No. 112& 113, Dream Park Road, Sithalapakkam, Sholinganallur, Chennai
Building/Society:Sai Anukshaa Tower
Size:1207 Sq.ft.
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in Sholinganallur, Kanchipuram, Tamil Nadu. The auction will take place on November 29, 2025, from 10:30 AM to 11:30 AM. The reserve price for this residential property is ₹45,00,000, with an Earnest Money Deposit (EMD) of ₹4,50,000 required to participate.
Borrower Name:Mr. E.Lokesh
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Sholinganallur, a developing locality in Chennai, this residential flat presents a favorable investment opportunity. The reserve price and EMD are reasonable, and the property type suits a broad range of potential buyers. Given the location and property size, it is a solid investment.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-28496339/28496900
