Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:598073
Bank Name:Union Bank of India
Branch Name:Regional Office
Reserve Price:₹1,26,00,000
EMD:₹12,60,000
Bid Increment:₹1,30,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-07
Property Description
A valuable land and building asset located in the industrially significant Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. This residential property is being auctioned by Union Bank of India. It presents a unique opportunity for investment or development in a prime location.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur Taluk
Asset Category:Residential
Full Address:Villa No 98-A, Lake View Garden Layout (Now known as town and country), New Plot No 98-A, Door No Villa No 98-A, Lake View Garden Layout, (Now known as town and country), comprised in S No 1317/28 part, Sriperumbudur village, Sriperumbudur, Kanchipuram
Building/Society:Lake View Garden Layout (Now known as town and country)
Size:4952 sq.ft.
Auction Description
Union Bank of India is conducting a SARFAESI auction for a land and building property in Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The auction will take place on October 30, 2025, from 11:00 AM to 5:00 PM. The reserve price is ₹12,600,000 and the EMD is ₹1,260,000. This is a prime opportunity to acquire a significant asset.
Borrower Name:M/s IFN Savikosh LLP
Auction Type:SARFAESI Auction
Guarantor Names:Shri.S.Senthil Kumar, Shri Lakshmi Narayana Murthy, Mrs. Poornima Murthy
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building in Sriperumbudur, offering a decent space. The reserve price seems reasonable considering the location. A calculated opportunity due to the balanced risk and return profile, dependent on thorough due diligence.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:9137554740
