Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612356
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹62,00,000
EMD:₹6,20,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
Prime land parcel located in the sought-after Mambalam area of Chennai, Tamil Nadu. This residential land offers a fantastic opportunity for development or investment in a well-established and developing neighborhood. Situated in a key urban location, it benefits from excellent connectivity and proximity to essential amenities. Ideal for those looking to build their dream home or a profitable real estate venture.
State:Tamil Nadu
City:Chennai
Area:Mambalam
Asset Category:Residential
Full Address:5D, Plot No. 5D, Pushpavathi Ammal Street, Mambalam, Chennai, Mambalam, Chennai
Size:2400 Sq.Ft.
Auction Description
Canara Bank presents an SARFAESI auction for land in Mambalam, Chennai. The reserve price is INR 62,00,000 with an EMD of INR 6,20,000. This is a unique opportunity to acquire a valuable asset. The auction will be conducted online on 28-11-2025, from 11:00 AM to 12:00 PM. Don't miss this chance to invest in a prime Chennai location.
Borrower Name:Mr. Karthick U
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Uthirapathi.N
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land plot in Mambalam, Chennai, presents a strong investment opportunity due to its prime location and reasonable reserve price. The auction terms are standard, and the property's size makes it suitable for various development options. Given Chennai's real estate market, this property is a worthwhile investment.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
AUTHORISED OFFICER
Contact no:9740145622
