Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614181
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹61,00,000
EMD:₹6,10,000
Bid Increment:₹20,000
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 bank auction features a residential land and building property located in Ponneri, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents an excellent opportunity for buyers looking for real estate in a developing area of Chennai. The asset category is residential, making it suitable for various purposes. The auction is a significant event for potential investors and homeowners.
State:Tamil Nadu
City:Chennai
Area:Ponneri
Asset Category:Residential
Full Address:Radmachandra Reddiar Street, Ponneri, Ponneri, Chennai
Size:3052 sq.ft
Auction Description
Canara Bank is conducting an SARFAESI auction for a land and building property in Ponneri, Chennai. The auction will take place on November 29, 2025, with bidding open from 10:30 AM to 11:30 AM. The reserve price for this asset is ₹61,00,000, with an Earnest Money Deposit (EMD) of ₹6,10,000 required to participate. This is a unique chance to acquire a property through a transparent bank auction process. Don't miss this opportunity.
Borrower Name:M/s. Dharma Medical Research and Charitable Trust
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a Land And Building located in Ponneri, Chennai. The reserve price seems reasonable, presenting a calculated investment opportunity. Further due diligence is recommended to evaluate potential returns.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
