Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612095
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹2,45,00,000
EMD:₹24,50,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 1:00 PM
Service Provider:auctionfocus.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A valuable land and building property located in the well-connected Egmore area of Chennai, Tamil Nadu. This asset, categorized as residential, presents a compelling opportunity for investment or personal use in a prime urban location. The property is being auctioned by Cholamandalam Investment And Finance Company Limited.
State:Tamil Nadu
City:Chennai
Area:Egmore
Asset Category:Residential
Full Address:142/58, Door No. 142/58, Periyar Pathai, Choolaimedu, Egmore, Chennai
Size:2200 sqft
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a residential land and building in Egmore, Chennai. The auction features a reserve price of INR 2,45,00,000 with an Earnest Money Deposit (EMD) of INR 24,50,000. The auction will take place on November 21, 2025, commencing at 11:00 AM and concluding at 01:00 PM. This is a significant opportunity to acquire property in a sought-after Chennai locality.
Borrower Name:Ananda Kumar.P
Auction Type:SARFAESI Auction
Guarantor Names:Sindhuja.A, M/s Perumal Tex
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Egmore, a well-established area in Chennai, this land and building offer potential for development or redevelopment. The reserve price and EMD are considerable, suggesting significant investment potential. Further due diligence is recommended to assess the property's market value and potential returns before bidding.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:auctionfocus.in
Contact Details:
Muhammed Rahees / Rekha
Contact no:8124000030
