Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610754
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹17,93,000
EMD:₹1,79,300
Bid Increment:₹40,000
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
This is a prime plot of land located in Sriperumbudur, Kanchipuram, Tamil Nadu. Ideal for residential development, this asset is being auctioned by the Union Bank of India under SARFAESI regulations. The property offers a significant investment opportunity in a rapidly developing industrial and residential hub. Its strategic location provides excellent connectivity and potential for future appreciation. This land parcel represents a unique chance to acquire a valuable asset in a sought-after region of Tamil Nadu.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur
Asset Category:Residential
Full Address:Plot no.27, SINGARA NAGAR, Plot no.27 Western Part, Survey no. 538/1, Under Patta No. 16858, as per Patta Sub-divison Survey No. 538/18, in the layout named "SINGARA NAGAR", No. 111 VARADHARAJAPURAM VILLAGE, Varadharajapuram Village, Sriperumbudur
Building/Society:SINGARA NAGAR
Size:1200 Square Feet
Auction Description
Union Bank of India presents a SARFAESI auction for a valuable plot of land in Sriperumbudur, Kanchipuram, Tamil Nadu. The auction will commence on December 11, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this residential land is set at ₹17,93,000, with an Earnest Money Deposit (EMD) of ₹1,79,300 required. This is a direct opportunity to bid on and acquire a land asset from M/s SKR Enterprises, facilitated by the bank.
Borrower Name:M/s SKR Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr A Syed Nisar, Mr Syed Amanulla
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot of land in a developing area, presenting a moderate investment opportunity. The reserve price is reasonable, and the physical possession adds value, but potential investors should assess local development plans and market conditions. This makes it a calculated opportunity rather than a high-return prospect.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9137554740
