Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609747
Bank Name:Debts Recovery Tribunal
Branch Name:Nungambakkam, Chennai
Reserve Price:₹49,00,000
EMD:₹4,90,000
Bid Increment:₹50,000
Auction Time:11:00 hrs to 12:00 hrs
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-05
Property Description
This offering presents a valuable opportunity to acquire a residential land and building located in Ambattur Taluk, Tiruvallur, Tamil Nadu. The property is being auctioned by the Debts Recovery Tribunal. Situated in a developing area, it offers potential for residential use or investment. The land and building structure represents a solid asset in a region experiencing growth. This auction is ideal for individuals or investors looking to secure a property in Tamil Nadu.
State:Tamil Nadu
City:Tiruvallur
Area:Ambattur Taluk
Asset Category:Residential
Full Address:Door No. 42 Part CMDA Approval No. 130/2009 and Avadi Municipality in BP. No. 632/2009 dated 25.9.2009, in S.No.284/1, T.S.No.43, Kulakkarai Street, Thirumullaivoyal Village, Thiruvallur
Size:11780 sq.ft.
Auction Description
The Debts Recovery Tribunal is conducting an online auction for a residential land and building in Ambattur Taluk, Tiruvallur, Tamil Nadu. This DRT Auction has a reserve price of INR 49,00,000 and requires an Earnest Money Deposit (EMD) of INR 4,90,000. The auction will commence on December 5, 2025, at 11:00 AM and conclude on the same day at 12:00 PM. This is a unique chance to bid on a property directly from the Debts Recovery Tribunal.
Borrower Name:M/s.Shri Jayasakthi Timber Mart
Auction Type:DRT Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Ambattur, a developing area. The land and building type offer potential for redevelopment or commercial use. However, prospective buyers should thoroughly investigate encumbrances and local market conditions before bidding.
Contact Details
Branch:Branch Office : Nungambakkam, Chennai
Service Provider:bankeauctions.com / C1 India
Contact Details:
E. SASIKUMAR
Contact no: —
