Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612736
Bank Name:UCO Bank
Branch Name:Regional office
Reserve Price:₹2,44,50,000
EMD:₹24,50,000
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 prime land parcel located in the well-established locality of Mambalam, Chennai, Tamil Nadu. Suitable for residential development, this asset falls under the purview of SARFAESI auction by UCO Bank. The property is offered on an "as is, where is" basis. It represents a significant opportunity for developers or investors looking to acquire land in a sought-after urban area.
State:Tamil Nadu
City:Chennai
Area:Mambalam
Asset Category:Residential
Full Address:Vignesh Varshini, Door No. 80, New Door No. 118, Anna Salai Service Lane, (Now Known as Manickkam Lane), Guindy, Mambalam, Chennai
Building/Society:Vignesh Varshini
Size:2.89 Grounds
Auction Description
UCO Bank is conducting an online SARFAESI auction for a valuable land property in Mambalam, Chennai. The auction will take place on December 10, 2025, from 01:00 PM to 05:00 PM. The reserve price is set at ₹2,44,50,000, with an Earnest Money Deposit (EMD) of ₹24,50,000 required to participate. This is a unique chance to bid on a residential land parcel in a prime Chennai location. Interested parties are advised to review all auction terms and conditions.
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 land in a decent location in Chennai. While the reserve price seems reasonable, the 'Calculated Opportunity' rating reflects the need for thorough due diligence on the land's legal status and market value before bidding.
Contact Details
Branch:Branch Office : Regional office
Service Provider:ebkray
Contact Details:
Mr.Justin Selvaraj S
Contact no:9147403242
