Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613212
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹62,00,000
EMD:₹6,20,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
Prime land parcel located in the well-established area of Pallavaram, Chengalpattu, Tamil Nadu. This residential land offers an excellent opportunity for development or investment. Situated in a growing locality, it benefits from good connectivity and proximity to essential amenities. Ideal for building your dream home or a profitable venture. The property is being auctioned by Canara Bank.
State:Tamil Nadu
City:Chengalpattu
Area:Pallavaram
Asset Category:Residential
Full Address:4A, Nemilicherry Village, Nellaiappar 1st street, Bharathipuram, Chromepet, Chennai-600044, Pallavaram, Chennai
Size:2640 Sq.ft.
Auction Description
Canara Bank presents a SARFAESI auction for a valuable piece of land in Pallavaram, Chengalpattu. The auction will take place on November 21, 2025, between 11:00 AM and 12:00 PM. The reserve price is set at INR 6,200,000, with an Earnest Money Deposit (EMD) of INR 620,000 required. This is a fantastic chance to acquire a property in a sought-after location. Interested parties are encouraged to participate in this public auction.
Borrower Name:M/s. Spark Laboratory
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land in Pallavaram, a developing area of Chennai. While the location offers potential, the price point requires careful assessment. The auction terms are standard, making it a calculated opportunity for interested investors.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
