Property for Auction in Sholinganallur., Chennai, Tamil Nadu
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
Submission Date:10-12-2025 05:00 PM
Bid Start Date:2025-12-11
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
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
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
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.
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9137554740