Property for Auction in Perambur, Chennai, Tamil Nadu
Auction ID:544567
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Regd.office
Reserve Price:₹4,59,00,000
EMD:₹45,90,000
Service Provider:drt.auctiontiger.net
Submission Date:12-08-2025 05:00 PM
Bid Start Date:13-08-2025 12:00 PM
This auction features a significant land property situated in Perambur, Chennai, Tamil Nadu. Classified under the residential asset category, this land offers considerable potential for development or investment. Located in the well-established area of Perambur, it benefits from the infrastructure and accessibility typical of Chennai's urban landscape. The property is being auctioned by Tamilnad Mercantile Bank Limited under the SARFAESI Act. This is a prime opportunity to own a substantial land holding in a key Chennai locality.
State:Tamil Nadu
City:Chennai
Area:Perambur
Asset Category:Residential
Tamilnad Mercantile Bank Limited is conducting a SARFAESI auction for a prime land parcel in Perambur, Chennai. The auction will take place on August 13, 2025, from 12:00 PM to 01:00 PM. The reserve price for this valuable asset is ₹4,59,00,000, with an Earnest Money Deposit (EMD) of ₹45,90,000 required to participate. This is an excellent opportunity to acquire land in a sought-after location, previously associated with M/s. Media Gate Private Limited.
Borrower Name:M/s.Media Gate Private Limited
Auction Type:SARFAESI Auction
Contact: M/s.E-Procurement Technologies Ltd, Ahmedabad, Help Line. No: 079-40230 825/826/827/813/814/815/816/817/818/819/800)