Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609101
Bank Name:Reliance Asset Reconstruction Company Ltd.
Branch Name:Corporate Office : Mumbai
Reserve Price:₹23,67,000
EMD:₹2,36,700
Bid Increment:₹50,000
Auction Time:12:00 P.M. to 1:00 P.M.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-17
Bid Start Date:2025-11-18
Property Description
A valuable plot of land located in the Poonamallee taluk of Tiruvallur, Tamil Nadu, offered for auction by Reliance Asset Reconstruction Company Ltd. This residential land presents a prime opportunity for development or investment in a growing region. The property is situated in an area known for its accessibility and potential. Ideal for those looking to acquire land for residential purposes.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:Survey No. 419/4A2, Kuthambakkam village, Poonamalle Taluk, Kuthambakkam, Tiruvallur
Size:1843 sq.ft.
Auction Description
Reliance Asset Reconstruction Company Ltd. presents a SARFAESI auction for a plot of land in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction is scheduled for November 18, 2025, with bidding open from 12:00 PM to 01:00 PM. The reserve price for this residential land is ₹23,67,000, with an Earnest Money Deposit (EMD) of ₹2,36,700 required to participate. This is a unique opportunity to acquire a significant land asset.
Borrower Name:Thamil Agency
Auction Type:SARFAESI Auction
Guarantor Names:N. Sivasankaran, T.R. Saravanan
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The land in Kuthambakkam presents a moderate opportunity due to its location and size. The reserve price appears reasonable, but potential buyers should conduct thorough due diligence regarding market value and future development prospects. The auction terms seem standard, making it a calculated risk for investors.
Contact Details
Branch:Branch Office : Corporate Office : Mumbai
Service Provider:Public Auction
Contact Details:
Satheesh Kumar P
Contact no:8939677550
