Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:611904
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹30,00,00,000
EMD:₹3,00,00,000
Bid Increment:₹4,00,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
A prime land and building asset located in the bustling Thyagarayar Nagar area of Chennai, Tamil Nadu. This property, previously belonging to M/s.SARAVANA STORES, falls under the residential asset category. Its strategic location offers excellent connectivity and potential for commercial or residential development. This is a significant opportunity to acquire a substantial property in a highly sought-after urban locale.
State:Tamil Nadu
City:Chennai
Area:Thyagarayar Nagar
Asset Category:Residential
Full Address:29/1 to 29/12, New Door No.29/1 to 29/12, Ranganathan Street, Thyagaraya Nagar, Thyagarayar Nagar, Chennai
Size:3.75 grounds
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable land and building property in Thyagarayar Nagar, Chennai. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this asset is ₹30,00,00,000, with an Earnest Money Deposit (EMD) of ₹30,00,000 required to participate. Don't miss this chance to bid on a significant real estate offering from Indian Bank.
Borrower Name:M/s.SARAVANA STORES
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. P. Sujatha, Mr. Y.P. Shiravan, Late Mr. Y. Pallakku Durai, P. Shanmuga Priya, Mrs. Y. Lakshmi
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
This property represents a strong investment opportunity due to its prime location in Thyagarayar Nagar, Chennai. The commercial land and building offer considerable development potential. While the reserve price is high, the location and potential return justify a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
