Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610763
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹16,50,000
EMD:₹1,65,000
Bid Increment:₹75,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-01
Bid Start Date:2025-12-11
Property Description
A valuable parcel of land located in the industrial hub of Sriperumbudur, Kanchipuram, Tamil Nadu. This residential-zoned land offers excellent potential for development, situated in a region known for its robust manufacturing and commercial activity. Proximity to key infrastructure and transportation networks makes this an attractive investment opportunity. Ideal for builders, developers, or individuals looking to acquire prime real estate in a rapidly growing area.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur
Asset Category:Residential
Full Address:172, BHARATHI AVENUE, Plot No. 172, Comprised in Survey No. 199/1, as per Patta No. 2605, in new Survey No. 199/1A1H, MEVALURKUPPAM VILLAGE, BHARATHI AVENUE, Mevalurkuppam, Sriperumbudur
Building/Society:BHARATHI AVENUE
Size:1650 Sq. ft.
Auction Description
Union Bank of India presents a SARFAESI auction for a land parcel in Sriperumbudur, Kanchipuram. The reserve price is set at INR 16,50,000, with an Earnest Money Deposit (EMD) of INR 1,65,000. This is a single-day auction, commencing on December 11, 2025, at 11:00 AM and concluding at 05:00 PM on the same day. Don't miss this opportunity to bid on this promising asset.
Borrower Name:Farman Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S.Mohammed Amanullah
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
This land in Sriperumbudur presents a calculated opportunity due to its reasonable reserve price and potential for development. While not a prime investment, the location and clear auction terms make it worth considering. Additional due diligence is recommended to verify future development prospects.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9137554740
