Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611908
Bank Name:Indian Bank
Branch Name:chennai
Reserve Price:₹45,00,000
EMD:₹4,50,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
Prime land parcel located in the well-developed area of Tambaram, Chennai, Tamil Nadu. This residential land offers a great opportunity for development or investment in a rapidly growing urban center. The property is part of a SARFAESI auction conducted by Indian Bank.
State:Tamil Nadu
City:Chennai
Area:Tambaram
Asset Category:Residential
Full Address:5, Plot No.5 (Northern side), Sarvamanagalanagar, Chillapakam Village, Chillapakam, Chennai
Size:1210 Sq. ft.
Auction Description
Indian Bank presents a SARFAESI auction for a valuable plot of land in Tambaram, Chennai. The auction will take place on November 19, 2025, from 11:00 AM to 04:00 PM. The reserve price is ₹45,00,000 and the EMD is ₹4,50,000. This is a significant opportunity to acquire a property in a sought-after location.
Borrower Name:M/s. Gnanam Departmental Stores
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S. Arul Mary, M/s. Gnanam Arisi Mandy, Mr. Savarimuthu, Mr. Antony Samy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is located in a developing area of Chennai and offers a land with house at a competitive reserve price. While it's not a prime investment, the property's location and size present a calculated opportunity for buyers looking for potential long-term appreciation. Auction terms seem standard, but due diligence is recommended.
Contact Details
Branch:Branch Office : chennai
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
