Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612058
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹77,00,000
EMD:₹7,70,000
Bid Increment:₹50,000
Auction Time:11 AM to 01 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
A valuable land and building asset located in the well-connected area of Porur, Chennai, Tamil Nadu. This property, categorized as residential, presents a compelling investment opportunity. Its strategic location offers convenient access to essential amenities and transportation networks within the bustling city of Chennai.
State:Tamil Nadu
City:Chennai
Area:Porur
Asset Category:Residential
Full Address:Plot No.4, Arunachalam Nagar, Plot No.4, Comprised in S. No.24/4A, as per Patta S. No.24/6A2, First Street, Arunachalam Nagar, Karambakkam, Porur, Chennai- 600116, Karambakkam Village, Madu-ravoyal Taluk, Porur, Chennai
Building/Society:Arunachalam Nagar
Size:1156 Sq. Ft.
Auction Description
U GRO CAPITAL LIMITED is conducting a SARFAESI auction for a land and building property in Porur, Chennai. The auction features a reserve price of ₹77,00,000 and an Earnest Money Deposit (EMD) of ₹7,70,000. The bidding process will commence on November 19, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. This is a prime opportunity to acquire a significant real estate asset.
Borrower Name:Ocean Feast Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Nagarajan G, Helan Ganesan
Why This Property
This property offers a decent investment potential given its location in Porur, Chennai, and the land and building aspect. The reserve price seems reasonable. However, further due diligence is necessary to assess the overall market conditions and the specific details of the property title.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Dinesh M
Contact no:9087856096
