Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610432
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹2,54,00,000
EMD:₹25,40,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
Punjab National Bank is auctioning a prime plot of land in the highly sought-after Kodambakkam area of Chennai, Tamil Nadu. This residential land offers an excellent opportunity for development in a well-established and accessible locality. The property is located in a vibrant part of the city with good connectivity and amenities nearby. Ideal for builders and investors looking to capitalize on Chennai's real estate market.
State:Tamil Nadu
City:Chennai
Area:Kodambakkam
Asset Category:Residential
Full Address:4, Old Door No.14A, New Door No.4 in R.N. Nambiar Street, Kodambakkam, Kodambakkam, Chennai
Size:1580 sq ft
Auction Description
This is a SARFAESI auction conducted by Punjab National Bank for a valuable land parcel in Kodambakkam, Chennai. The auction features a reserve price of INR 2,54,00,000 and an EMD of INR 25,40,000. The auction will take place on December 5, 2025, starting at 11:00 AM and concluding at 4:00 PM. Don't miss this chance to acquire a significant asset from a leading public sector bank.
Borrower Name:M/s ALFEX PROMOTERS PVT LTD
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S. Sathyanarayanan, Mrs. S. Nirmala, Mrs. Deepika
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in Kodambakkam, Chennai, offered at a reserve price of ₹25,400,000. While the location is decent, the auction terms and symbolic possession suggest a calculated approach. The property's potential warrants consideration but requires careful due diligence.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
