Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612738
Bank Name:UCO Bank
Branch Name:Regional office
Reserve Price:₹1,27,20,000
EMD:₹12,72,000
Bid Increment:₹50,000
Auction Time:01:00 P.M. to 05:00 P.M.
Service Provider:ebkray
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a land parcel located in the prominent Mambalam area of Chennai, Tamil Nadu. It is an asset category residential property being auctioned by UCO Bank under the SARFAESI Act. The land offers a valuable opportunity for development in a well-established urban locality.
State:Tamil Nadu
City:Chennai
Area:Mambalam
Asset Category:Residential
Full Address:Door No. 80, New Door No. 118, Anna Salai Service Lane, (Now Known as Manickkam Lane), Guindy, Mambalam, Chennai
Size:2.89 Grounds
Auction Description
UCO Bank is conducting a SARFAESI auction for a residential land parcel in Mambalam, Chennai. The auction will take place on 10-12-2025, starting at 01:00 PM and concluding at 05:00 PM. The reserve price for this property is ₹1,27,20,000, with an Earnest Money Deposit (EMD) of ₹12,72,000 required to participate. This is a prime opportunity to acquire land in a sought-after Chennai neighborhood.
Borrower Name:M/s. Quadsel Systems Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Girish Madhavan, Mrs. Reshma Girish, Mrs. Dhanamani Madhavan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in a prime area of Chennai, making it a strong investment opportunity. The reserve price is reasonable, and the auction terms are favorable. Land in this location is expected to appreciate significantly, making it a worthwhile purchase.
Contact Details
Branch:Branch Office : Regional office
Service Provider:ebkray
Contact Details:
Mr.Justin Selvaraj S
Contact no:9147403242
