Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612063
Bank Name:U GRO CAPITAL LIMITED
Branch Name:Mumbai
Reserve Price:₹2,19,00,000
EMD:₹21,90,000
Bid Increment:₹1,00,000
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
Prime land and building located in the bustling Guindy area of Chennai, Tamil Nadu. This residential asset presents a significant opportunity for investment or development in a highly sought-after commercial and residential hub. The property is part of a SARFAESI auction conducted by U GRO CAPITAL LIMITED.
State:Tamil Nadu
City:Chennai
Area:Guindy
Asset Category:Residential
Full Address:Old No.18, New No.4, Present Door No.21/3, Mothilal Street, T Nagar, Chennai 600 017, T Nagar, Chennai
Size:1106 Sq.ft.
Auction Description
U GRO CAPITAL LIMITED is holding a SARFAESI auction for a valuable land and building property in Guindy, Chennai. The auction opens on November 19, 2025, at 11:00 AM and concludes at 01:00 PM on the same day. The reserve price is set at INR 2,19,00,000, with an Earnest Money Deposit (EMD) of INR 21,90,000 required to participate. This is a unique chance to acquire a substantial asset in a prime location.
Borrower Name:ETS SAFETY SYSTEMS PRIVATE LIMITED
Auction Type:SARFAESI Auction
Guarantor Names:LAVANYA E, ELANGOVAN S, PLANTECH
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in the prime T Nagar area of Chennai, this property presents a strong investment opportunity. The location is desirable, and the reserve price, though significant, aligns with the potential value. The auction terms are standard, making this a potentially lucrative acquisition.
Contact Details
Branch:Branch Office : Mumbai
Service Provider:Public Auction
Contact Details:
Dinesh M
Contact no:9087856096
