Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612530
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹7,50,000
EMD:₹75,000
Bid Increment:₹10,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-12
Property Description
A valuable residential plot located in the historic city of Kancheepuram, Tamil Nadu. This property, offered by Canara Bank, presents a fantastic investment opportunity in a rapidly developing area. Situated within Kancheepuram, it benefits from excellent connectivity and proximity to essential amenities. Ideal for residential development, this plot is being auctioned under the SARFAESI Act.
State:Tamil Nadu
City:Kanchipuram
Area:Kancheepuram
Asset Category:Residential
Full Address:79, Varadaraja Gardens Now Named as Urban Groundz, Varadaraja Gardens now Named as Urban Groundz Situated in V.No.102, Karur Village, Kancheepuram, Kanchipuram
Building/Society:Varadaraja Gardens Now Named as Urban Groundz
Size:1500 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Kancheepuram, Tamil Nadu. The auction will take place on 12-12-2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this plot is INR 7,50,000, and the Earnest Money Deposit (EMD) required is INR 75,000. This is a prime opportunity to acquire property in a sought-after location directly from the bank.
Borrower Name:M/s.Prakash Cloth Stores
Auction Type:SARFAESI Auction
Guarantor Names:M.Damodaran, Mrs. Deepa D
Why This Property
The plot's location in Kancheepuram and the relatively low reserve price make it a calculated opportunity. While the land is of decent size, further due diligence is required to assess its development potential and market conditions. The recommendation is based on the balance between the potential benefits and associated risks of the auction property.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:9444396948/044-22481015
