Property for Auction in Purasawalkam, Chennai, Tamil Nadu
Auction ID:577743
Bank Name:Fedbank Financial Services Ltd
Branch Name:Registered Office:Mumbai
Reserve Price:₹4,99,00,000
EMD:₹49,90,000
Service Provider:Public Auction
Submission Date:26-09-2025 05:00 PM
Bid Start Date:29-09-2025 10:00 AM
Prime land and building located in the bustling Purasawalkam area of Chennai, Tamil Nadu. This residential asset, previously owned by M/s. Sivanesan Hardwares, offers a significant investment opportunity in a well-established locality. The property is ideal for residential development or commercial use, benefiting from excellent connectivity and infrastructure. Situated in a sought-after urban center, this offering presents a chance to acquire a valuable piece of real estate in one of Chennai's key commercial and residential hubs. Don't miss this chance to own a property in a dynamic and developing region.
State:Tamil Nadu
City:Chennai
Area:Purasawalkam
Asset Category:Residential
Fedbank Financial Services Ltd presents a SARFAESI auction for a Land and Building property in Purasawalkam, Chennai. The auction begins on September 29, 2025, at 10:00 AM and concludes at 10:30 AM on the same day. The reserve price is set at ₹4,99,00,000, with an Earnest Money Deposit (EMD) of ₹49,90,000 required to participate. This is a unique opportunity to bid on a residential asset located in a prime Chennai neighborhood. Interested parties are advised to review all auction terms and conditions prior to the bidding period. Secure your chance to acquire this valuable property through a transparent and efficient auction process.
Borrower Name:M/s. Sivanesan Hardwares
Auction Type:SARFAESI Auction
Authorised Officer Mr. V Sanjeev Contact No : 9841602876