Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610730
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹2,20,50,000
EMD:₹22,05,000
Bid Increment:₹50,000
Auction Time:11:00 A.M. AND 4:00P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction property in Pallavaram, Kanchipuram, Tamil Nadu. The asset category is residential, comprising a land and building previously owned by M/s. Maran Garments. It's an excellent opportunity for real estate investment in a developing area.
State:Tamil Nadu
City:Kanchipuram
Area:Pallavaram
Asset Category:Residential
Full Address:Pillaiyar Kovil Street, Anakaputhur, Chennai-600 070, Anakaputhur, Chennai
Size:4576.5 Sq. ft.
Auction Description
Indian Bank presents a SARFAESI auction for a residential land and building in Pallavaram, Kanchipuram. The auction will be conducted online on November 19, 2025, from 11:00 AM to 04:00 PM. The reserve price is INR 2,20,50,000, with an Earnest Money Deposit (EMD) of INR 22,05,000. This is a prime opportunity to acquire a property through a transparent banking auction process.
Borrower Name:M/s. Maran Garments
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S. Ajitha, Mr. A. Sekar
Legal Details
Possession Status:Physical
Encumbrance Details:Subsequent Attachments by M/s. Margadarasi Chit Funds Pvt. Ltd. and M/s. EPFO.
Why This Property
The property, located in Anakaputhur, Chennai, offers a decent investment potential given its land and building type. While there are encumbrances, the physical possession and competitive reserve price make it a worthwhile opportunity for calculated investors. Due diligence is crucial.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
