Land for auction 22 Perambur, Chennai by Tamilnad Mercantile Bank

Property for Auction in Perambur, Chennai, Tamil Nadu

Property Type IconProperty Type:
Land
Location IconLocation:
Perambur, Chennai
Auction Date IconAuction Date:
13-08-2025 12:00 PM

Auction Details

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

Important Dates

Submission Date:12-08-2025 05:00 PM

Bid Start Date:13-08-2025 12:00 PM

Property Description

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

Auction Description

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 Details

Contact: M/s.E-Procurement Technologies Ltd, Ahmedabad, Help Line. No: 079-40230 825/826/827/813/814/815/816/817/818/819/800)

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