Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610753
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹15,40,000
EMD:₹1,54,000
Bid Increment:₹40,000
Auction Time:11.00 AM to 05.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:10-12-2025 05:00 PM
Bid Start Date:2025-12-11
Property Description
This is a prime plot of land located in the rapidly developing industrial hub of Sriperumbudur, Kanchipuram, Tamil Nadu. Ideal for commercial or industrial development, this asset category land offers significant investment potential in a region known for its manufacturing and logistical advantages. The property is offered by Union Bank of India through a SARFAESI auction.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur
Asset Category:Residential
Full Address:27, SINGARA NAGAR, Plot no.27 Eastern Part, in Survey no. 538/1, Under Patta No. 16858, as per Patta Sub-divison Survey No. 538/18, in the layout named "SINGARA NAGAR", Varadharajapuram Village, Sriperumbudur
Building/Society:SINGARA NAGAR
Size:1278 Square Feet
Auction Description
Union Bank of India is conducting a SARFAESI auction for a valuable plot of land in Sriperumbudur, Kanchipuram, Tamil Nadu. The auction will take place on December 11, 2025, commencing at 11:00 AM and concluding at 5:00 PM on the same day. The reserve price for this residential asset category land is INR 15,40,000, with an Earnest Money Deposit (EMD) of INR 1,54,000 required to participate. This is a fantastic opportunity to acquire land in a strategic location.
Borrower Name:M/s Agenta Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr B Geelan, Mr B Geelan S/o Mr. Basher
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area, offered at a reasonable reserve price. Given its location in Sriperumbudur, a growing industrial and residential hub, the property presents a calculated investment opportunity. The auction terms appear standard, with physical possession offered.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9137554740
