Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611952
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹38,88,000
EMD:₹3,88,800
Bid Increment:₹50,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This is a residential plot located in Kancheepuram, Tamil Nadu, brought to auction by Punjab National Bank. The property is situated in the Kancheepuram area, offering a promising opportunity for development or investment. Ideal for those looking to acquire land in a well-established region.
State:Tamil Nadu
City:Kanchipuram
Area:Kancheepuram
Asset Category:Residential
Full Address:3, New Avenue, Plot No.3, New Avenue, Village No.39, Mambakkam Group Kariyamangazhani Village, Kariyamangazhani Village, Kancheepuram
Building/Society:New Avenue
Size:2400 Sq feet
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential plot in Kancheepuram, Tamil Nadu. The auction will take place on December 5, 2025, with bidding open from 11:00 AM to 04:00 PM. The reserve price is INR 38,88,000, and the EMD is INR 3,88,800. This is a significant opportunity to bid on a valuable asset.
Borrower Name:M/s.Rolingstone International
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.Moorthy, Mr.Sarosriram
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Kancheepuram presents a calculated investment opportunity. With a reserve price of ₹3,888,000 and symbolic possession, it may attract local investors looking for land in a developing area. However, potential investors should conduct thorough due diligence regarding the location and future development prospects.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
