Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610574
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹63,00,000
EMD:₹6,30,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a Land and Building asset in Sriperumbudur, Kanchipuram, Tamil Nadu. The property is offered by Indian Bank and belongs to the borrower M/s. Reclamation Advertising Service. It is categorized as Residential.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur
Asset Category:Residential
Full Address:35B, Poonathamallee Contonment, Amman Koil Street, Door No.35B, Poonthamallee Contonment, Kanchipuram
Size:1660.75 Sq.ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Sriperumbudur, Kanchipuram. The auction will take place on November 19, 2025, from 10:00 AM to 04:00 PM. The reserve price is ₹63,00,000, with an Earnest Money Deposit (EMD) of ₹6,30,000 required to participate. This is a valuable opportunity to acquire a residential property in a developing area.
Borrower Name:M/s. Reclamation Advertising Service
Auction Type:SARFAESI Auction
Guarantor Names:Mr.N. Sampath Kumar, Mrs.S. Vijaya Kumari
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property, a land and building in Sriperumbudur, offers a good opportunity due to its physical possession status and clear encumbrance. However, the location and type suggest a calculated approach. The reserve price and auction terms should be carefully evaluated for potential returns.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
