Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613997
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹2,07,00,000
EMD:₹20,70,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
A valuable Land and Building asset located in Vandalur, Chengalpattu, Tamil Nadu, offered by Indian Bank. This property presents a significant opportunity for investment or development in a growing area. Suitable for residential purposes, it is part of a SARFAESI auction.
State:Tamil Nadu
City:Chengalpattu
Area:Vandalur
Asset Category:Residential
Full Address:Door No.3/55, Bajanai Koil Street, Ponmar, Ponmar Village, Chengalpattu
Size:8148 Sq. ft.
Auction Description
Indian Bank is conducting an SARFAESI auction for a Land and Building property in Vandalur, Chengalpattu, Tamil Nadu. The auction will take place on November 24, 2025, from 10:00 AM to 4:00 PM. The reserve price is ₹2,07,00,000, with an Earnest Money Deposit (EMD) of ₹20,70,000. This is a prime opportunity to acquire a property through a transparent auction process.
Borrower Name:M/s. Metro General Trading
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Indu Bhuvanesh, Mr. Arif Sheriff, Mr. D Gopinath, Mr. Sathish Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property's location in Vandalur offers potential for growth, but the symbolic possession and the need for due diligence warrant a calculated approach. The reserve price seems reasonable for the area, but further investigation into local market trends is recommended before bidding.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
