Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614266
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,25,00,000
EMD:₹12,50,000
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:25-11-2025 10:30 AM
Property Description
Prime plot of land located in the desirable Tharamani area of Chennai, Tamil Nadu. This residential land parcel offers an excellent opportunity for development or investment in a well-connected and rapidly growing urban locality. Proximity to key amenities and infrastructure makes this a highly sought-after location.
State:Tamil Nadu
City:Chennai
Area:Tharamani
Asset Category:Residential
Full Address:142, Bharathi Nagar, Plot No. 142, Door No.3, Bharani Street, Bharathi Nagar, Tharamani Village, Chennai, Tharamani, Chennai
Building/Society:Bharathi Nagar
Size:140.00 sq.meter
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable plot of land in Tharamani, Chennai. The reserve price is ₹1,25,00,000, with an Earnest Money Deposit (EMD) of ₹12,50,000. The auction will take place on November 25, 2025, commencing at 10:30 AM and concluding at 11:30 AM. Don't miss this chance to acquire a prime asset in a sought-after Chennai neighborhood.
Borrower Name:Mr.U Raja
Auction Type:SARFAESI Auction
Why This Property
The property is a land parcel in Tharamani, Chennai, which offers potential for development. While the reserve price seems reasonable, due diligence on the location and development potential is crucial before bidding. Given these factors, this represents a calculated opportunity for investors.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
