Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613404
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹48,00,000
EMD:₹4,80,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a SARFAESI auction by Canara Bank for a Land and Building asset in Sriperumbudur, Kanchipuram, Tamil Nadu. The property is categorized as residential and belongs to the borrower M/s. Sai Trading and Co. The auction offers a significant investment opportunity in a developing area.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur
Asset Category:Residential
Full Address:Plot No.41 & 42, Sri Ragavendra Garden, Plot No.41 & 42, Old No 168, New No 141, Sri Ragavendra Garden, Nariyambakkam Village, Sriperumpudur Taluk, Nariyambakkam Village, Kanchipuram
Building/Society:Sri Ragavendra Garden
Size:3330 Sqft
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in Sriperumbudur, Kanchipuram, Tamil Nadu. The auction will take place on 27-11-2025, with bidding open from 11:00 AM to 12:00 PM. The reserve price is ₹48,00,000 and the Earnest Money Deposit (EMD) is ₹4,80,000. This is a prime opportunity for potential buyers to acquire a residential asset through a transparent auction process.
Borrower Name:M/s. Sai Trading and Co
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Vedavalli.M
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Sriperumbudur, an industrial hub near Chennai, this land and building offers a calculated investment opportunity. The reserve price and EMD are reasonable, but further due diligence is crucial to assess its market value and potential returns, leading to a 'Calculated Opportunity' recommendation.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
