Property Type:
Location:
Auction Date:Auction Details
Auction ID:553347
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CHENNAI SOUTH
Reserve Price:₹63,40,000
EMD:₹6,34,000
Service Provider:BAANKNET
Important Dates
Submission Date:10-09-2025 04:00 PM
Bid Start Date:10-09-2025 11:00 AM
Property Description
This auction features a Land and Building property located in Chengalpet, a developing area of Chennai, Tamil Nadu. The asset, previously owned by Mr. GK Balakumaran, falls under the residential category. The property offers a potential investment in a growing region with the security and process of a bank-led SARFAESI auction. Ideal for those looking to purchase land with existing structures in a well-connected part of Chennai.
State:Tamil Nadu
City:Chennai
Area:Chengalpet
Asset Category:Residential
Auction Description
Indian Bank presents a SARFAESI auction for a Land and Building property in Chengalpet, Chennai, Tamil Nadu. The auction will be held on September 10, 2025, from 11:00 AM to 4:00 PM. The reserve price is ₹63,40,000, with an Earnest Money Deposit (EMD) of ₹6,34,000 required. This is a prime opportunity to acquire a residential asset through a transparent bank auction process.
Borrower Name:Mr. GK Balakumaran
Auction Type:SARFAESI Auction
Contact Details
TAMBARAM WEST BRANCH Telephone No : 044-22266700 / 712
