Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612255
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹21,53,000
EMD:₹2,15,000
Bid Increment:₹10,000
Service Provider:BAANKNET
Important Dates
Submission Date:05-12-2025 10:00 AM
Bid Start Date:05-12-2025 10:00 AM
Property Description
This is a residential plot located in Thiruvallur Taluk, Kanchipuram, Tamil Nadu. It is being auctioned by Indian Bank under SARFAESI provisions. The property is offered as a plot of land, presenting an opportunity for development or investment in a key area of Tamil Nadu.
State:Tamil Nadu
City:Kanchipuram
Area:Thiruvallur Taluk
Asset Category:Residential
Full Address:60, NRI's First City, Plot No. 60, comprised in S. No. 573/1 and 573/2 in the approved layout named as "NRI's First City", situated at Paparmbakkam Village, in Thiruvallur Taluk and District, Paparmbakkam Village, Kanchipuram
Building/Society:NRI's First City
Size:2400 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Thiruvallur Taluk, Kanchipuram, Tamil Nadu. The auction will take place on December 5, 2025, starting at 10:00 AM and concluding at 4:00 PM. The reserve price for this property is ₹21,53,000, with an EMD of ₹2,15,000 required to participate. This is a valuable opportunity to acquire property through a bank auction.
Borrower Name:Mr. Praveen Kumar S
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sumathi S
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The plot offers a decent investment potential given its size and location in Thiruvallur Taluk. While the reserve price seems reasonable, potential buyers should conduct thorough due diligence. The 'Symbolic' possession status warrants careful evaluation of legal aspects.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
