Land for auction Sholinganallur Chennai 53 lakh Union Bank of India

Property for Auction in Sholinganallur., Chennai, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
2400 sqft
Reserve Price
53,22,000
Reserve Price
53,22,000
EMD Required
5,32,200
Property Specifications
Society/BuildingMajestic flats, SRP nagar extension
Size2400 sqft
Unit No.148
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Sholinganallur., Chennai
Auction Date IconAuction Date:
11-12-2025 11:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:610758

Bank Name:Union Bank of India

Branch Name:Asset Recovery Branch

Reserve Price:53,22,000

EMD:5,32,200

Bid Increment:60,000

Auction Time:11:00 AM to 05:00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:10-12-2025 05:00 PM

Bid Start Date:2025-12-11

Property Description

Union Bank of India presents a prime land parcel in the rapidly developing Sholinganallur, Chennai. This residential land offers an excellent investment opportunity in a sought-after locality. Situated in Tamil Nadu's bustling capital, this plot is ideal for constructing your dream home or for future development. Benefitting from the strategic location in Sholinganallur, it ensures connectivity and access to essential amenities. Don't miss this chance to own a piece of Chennai's growth story.

State:Tamil Nadu

City:Chennai

Area:Sholinganallur.

Asset Category:Residential

Full Address:148, Majestic flats, SRP nagar extension, Semmanchery Village, SRP Nagar, 7 cross street, Sholinganallur, Chennai

Building/Society:Majestic flats, SRP nagar extension

Size:2400 sqft

Auction Description

This is a SARFAESI Auction conducted by Union Bank of India for a residential land in Sholinganallur, Chennai. The reserve price is ₹53,22,000, with an EMD of ₹5,32,200. The auction will take place on December 11, 2025, starting at 11:00 AM and concluding at 05:00 PM. This is a unique opportunity to acquire property directly from the bank. Interested bidders are advised to review all auction terms and conditions before participating.

Borrower Name:Mr Alagusundaram

Auction Type:SARFAESI Auction

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

The property is located in a developing area of Chennai and is priced reasonably. Given the symbolic possession, due diligence is necessary. It presents a calculated opportunity for investment with potential for future appreciation.

Contact Details

Branch:Branch Office : Asset Recovery Branch

Service Provider:BAANKNET

Contact Details:

Contact no:9137554740

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