Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611909
Bank Name:Indian Bank
Branch Name:chennai
Reserve Price:₹36,00,000
EMD:₹3,60,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. AND 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This offering presents a prime plot of land located in the developing area of Ninnaikarai, Chengalpattu, Tamil Nadu. As a residential asset category, this land holds significant potential for future development, whether for personal use or investment. Situated in a region experiencing growth, it offers a compelling opportunity for prospective buyers.
State:Tamil Nadu
City:Chengalpattu
Area:Ninnaikarai
Asset Category:Residential
Full Address:7A, Rail Nagar 1, Block No. 1 bearing MIG Plot No.7 (Southern portion), as per Sub-Division Approval Plot No.7A & S. No.357 Part Rail Nagar 1, Ninnaikarai, Chengalpattu
Building/Society:Rail Nagar 1
Size:1200 Sq. feet
Auction Description
Indian Bank is conducting an online SARFAESI auction for a valuable land parcel in Ninnaikarai, Chengalpattu, Tamil Nadu. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹36,00,000, with an Earnest Money Deposit (EMD) of ₹3,60,000 required to participate. This is a unique opportunity to acquire property through a transparent auction process.
Borrower Name:M/s. Gnanam Departmental Stores
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S. Arul Mary, M/s. Gnanam Arisi Mandy, Mr. Savarimuthu, Mr. Antony Samy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The land in Ninnaikarai presents a calculated opportunity due to its location and reasonable reserve price. While land investments can be promising, potential investors should conduct thorough due diligence before participating in the auction. The symbolic possession status warrants careful consideration.
Contact Details
Branch:Branch Office : chennai
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
