Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611163
Bank Name:State Bank of India
Branch Name:Stressed Assets Management Branch
Reserve Price:₹25,90,00,000
EMD:₹2,59,00,000
Bid Increment:₹10,00,000
Auction Time:11:00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 04:00 PM
Bid Start Date:2025-12-08
Property Description
Prime land parcel located in the well-developed area of Ayanambakkam, Tiruvallur, Tamil Nadu. This significant plot offers excellent potential for residential development. Situated in a growing urban locality, it benefits from good connectivity and infrastructure. The land is offered for sale by the State Bank of India through a SARFAESI auction, presenting a unique opportunity for investors and developers seeking to acquire valuable real estate in the region.
State:Tamil Nadu
City:Tiruvallur
Area:Ayanambakkam
Asset Category:Residential
Full Address:Vellalar Street, Ayanambakkam Village, Poonamallee Taluk (formerly Ambattur Taluk), Thiruvallur District, Ayanambakkam, Tiruvallur
Auction Description
State Bank of India presents a SARFAESI auction for a valuable land property in Ayanambakkam, Tiruvallur, Tamil Nadu. The auction will take place on December 8, 2025, commencing at 11:00 AM and concluding at 4:00 PM. The reserve price for this attractive asset is ₹25,90,00,000, with an Earnest Money Deposit (EMD) of ₹2,59,00,000 required to participate. This is a prime opportunity to acquire a substantial land parcel suitable for residential projects.
Borrower Name:M/s Prakash Gold Palace P Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Mamtha Abhilash Mutha, Mr. Prakash Chand Jain, Mrs. Suraj Kumari Jain, Mr. Mukesh Kumar Jain, Mrs. Pramila Jain, Mrs. Abilash Mutha, M/s. Surya Prakash Hotels Pvt. Ltd., M/s. Surya Prakash Hotels Pvt. Ltd.
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The land in Ayanambakkam presents a calculated opportunity due to its location in a developing area of Tiruvallur. While the reserve price is substantial, the potential for future appreciation makes it worth considering for investors with a long-term vision. Due diligence regarding local development plans is crucial before bidding.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Mrs. B.Sindu & Mrs. S.Vaishnavi
Contact no:8838338084
