Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610263
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹54,00,000
EMD:₹5,40,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-03
Property Description
This is a residential plot located in Vandalur, Chengalpattu, Tamil Nadu. The property is being auctioned by Indian Bank under SARFAESI regulations. The plot is situated in a developed area, offering potential for residential construction. Further details regarding the plot's dimensions and specific location within Vandalur can be obtained from the bank.
State:Tamil Nadu
City:Chengalpattu
Area:Vandalur
Asset Category:Residential
Full Address:589, Sri Ganapathy Nagar Colony, Plot No.589, Sri Ganapathy Nagar Colony, Vengadamangalam Village, Vandalur Taluk, Chengalpattu District, Vandalur, Chengalpattu
Building/Society:Sri Ganapathy Nagar Colony
Size:2400 Sq. ft.
Auction Description
Indian Bank is conducting an e-auction for a residential plot in Vandalur, Chengalpattu, Tamil Nadu. This SARFAESI auction has a reserve price of INR 54,00,000 and requires an Earnest Money Deposit (EMD) of INR 5,40,000. The auction will take place on December 3, 2025, starting at 10:00 AM and concluding at 04:00 PM. Interested bidders should refer to the official auction notice for detailed terms and conditions, and to participate in the bidding process.
Borrower Name:Mr. R. Prem Kumar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The plot in Vandalur presents a calculated opportunity due to its location in a developing area and reasonable reserve price. While the auction terms are standard, potential investors should thoroughly assess the area's growth prospects. This property could be a good fit for those seeking long-term investment in Chengalpattu.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no: —
