Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614179
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹2,30,00,000
EMD:₹23,00,000
Bid Increment:₹1,00,000
Auction Time:10.30 AM & 11.30 AM with unlimited extensions of 5 minutes each
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
Prime land parcel located in the well-established Mambalam area of Chennai, Tamil Nadu. This residential plot offers an excellent opportunity for development or investment in a sought-after urban location. Situated in a developed neighborhood with good connectivity and amenities, this land is an attractive prospect for discerning buyers.
State:Tamil Nadu
City:Chennai
Area:Mambalam
Asset Category:Residential
Full Address:Sornambigal Nagar, Virugambakkam, Chennai-600 092, Mambalam, Chennai
Size:2841 Sq.ft
Auction Description
Canara Bank presents a SARFAESI auction for a valuable land property in Mambalam, Chennai. The auction features a reserve price of INR 2,30,00,000 with an Earnest Money Deposit (EMD) of INR 23,00,000. This is a fantastic opportunity to acquire a significant land asset in a prime Chennai locality. The auction will be conducted online, with bidding open on November 29, 2025, from 10:30 AM to 11:30 AM. Don't miss this chance to own a piece of Mambalam.
Borrower Name:M/s. MH Electronics
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This land in Mambalam, Chennai, represents a solid investment due to its prime location and size. The reserve price is reasonable given the area's market value, and the auction terms are standard, making it a strong candidate for property buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
