Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:609244
Bank Name:Karur Vysya Bank
Branch Name:ASSET RECOVERY BRANCH , CHENNAI
Reserve Price:₹55,00,000
EMD:₹5,50,000
Bid Increment:₹1,00,000
Auction Time:03:00 PM to 04:00 PM
Service Provider:matex.net
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A valuable land and building asset located in the Guindy Taluk of Chennai, Tamil Nadu. This residential property is part of a SARFAESI auction conducted by Karur Vysya Bank. It presents a promising opportunity for investment in a prime urban location.
State:Tamil Nadu
City:Chennai
Area:Guindy Taluk
Asset Category:Residential
Full Address:Plot A, Plot B, Flat No.14, RAM'S FLAT, RAM'S FLAT, Door No.23, Lake View Road, West Mambalam, Chennai, West Mambalam, Chennai
Building/Society:RAM'S FLAT
Size:3544 Sq.Ft.
Auction Description
Karur Vysya Bank is conducting an online SARFAESI auction for a land and building property in Guindy Taluk, Chennai, Tamil Nadu. The auction will commence on November 21, 2025, at 03:00 PM and conclude at 04:00 PM on the same day. The reserve price is set at ₹55,00,000, with an Earnest Money Deposit (EMD) of ₹5,50,000 required to participate. This is a unique opportunity to acquire a residential asset through a transparent auction process.
Borrower Name:M/s. Jagath Jothi Solar Energy Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr.N.Ravisunthar, Mrs.R.Meenakshi Priya, Mr.R.Narayanan Chandrasekar
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in West Mambalam, Chennai, this land and building with a flat presents a solid investment opportunity. The reserve price appears reasonable, and the area is desirable. Potential buyers should conduct due diligence and property inspection before bidding.
Contact Details
Branch:Branch Office : ASSET RECOVERY BRANCH , CHENNAI
Service Provider:matex.net
Contact Details:
Assistant General Manager
Contact no:8939869789
