Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612355
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹55,00,000
EMD:₹5,50,000
Auction Time:1:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-11
Property Description
This auction features a parcel of land located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. Classified as a residential asset, this land presents a prime opportunity for development or investment. The property is being auctioned by City Union Bank under the SARFAESI Act. Situated in a developing area, it offers potential for future growth.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:C-64, C-2, M/s. Ranga Shelters, Residency, Plot No. C-64, Type C-3, Old No.21, New Door No.29, Devadoss Street, Vedhachalam Nagar, New Vedhachalam Nagar, Chengalpattu Town, Vedhachalam Nagar, Chengalpattu
Building/Society:M/s. Ranga Shelters, Residency
Size:3619, 400, 1030 Sq. Ft
Auction Description
City Union Bank is conducting an online SARFAESI auction for a residential land parcel in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on December 11, 2025, from 01:00 PM to 02:00 PM. The reserve price for this property is ₹55,00,000, with an Earnest Money Deposit (EMD) of ₹5,50,000 required to participate. This is a timed auction event, and interested bidders are encouraged to register and review all terms and conditions prior to the auction start time.
Borrower Name:M/s.Arima Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S. Naresh Kumar, Mr.A. Sureshkumar, Mrs.M.Nivetha
Legal Details
Possession Status:As-is-where-is
Encumbrance Details:Not Known to Bank
Why This Property
The property, comprising both land and a residential flat in Chengalpattu, offers a decent investment opportunity due to its location and combined asset types. The reserve price appears reasonable; however, prospective buyers should conduct thorough due diligence regarding the property's condition and local market trends. The 'as-is-where-is' basis requires careful inspection and risk assessment.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:044-27460124
