Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614275
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹3,27,80,000
EMD:₹32,78,000
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:29-11-2025 10:30 AM
Property Description
This auction features a valuable Land and Building property in Chennai, Tamil Nadu, categorized as Residential. The property is being auctioned by Canara Bank under SARFAESI provisions. It presents a significant opportunity for investment or personal use in a prime city location. The asset is offered as part of a distressed sale, providing potential for acquisition below market value.
State:Tamil Nadu
City:Chennai
Area:chennai
Asset Category:Residential
Full Address:87, Thiruvallur District, Ambattur Taluk, No. 87, Mannurpet Village, formerly Pillaiyar Koil Street, presently New Pillaiyar Koil Street comprised in S.No. 14/1, measuring an extent of 2952 Sq.ft., Thiruvallur District, Ambattur Taluk, No. 87, Mannurpet Village, formerly Pillaiyar Koil Street, presently New Pillaiyar Koil Street comprised in S.No. 14/1 & 14/15B, measuring an extent of 1476 Sq.ft. and Thiruvallur District, Ambattur Taluk, No. 87, Mannurpet Village, formerly PillaiyarKoil Street, presently New PillaiyarKoil Street comprised in S.No. 14/1 & 14/15B, measuring an extent of 378 Sq.ft., Mannurpet, Chennai
Size:2952 Sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Chennai, Tamil Nadu. The auction will commence on November 29, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price is set at ₹3,27,80,000, with an Earnest Money Deposit (EMD) of ₹32,78,000 required to participate. This is a unique chance to acquire a residential asset through a transparent banking auction process.
Borrower Name:M/s L.S.P Enterprises
Auction Type:SARFAESI Auction
Why This Property
The property is a Land And Building located in chennai, Chennai, Tamil Nadu, with a reserve price of ₹32780000.0. Considering the property type and location, it presents a calculated investment opportunity, contingent on due diligence and market valuation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
