Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610751
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹12,00,000
EMD:₹1,20,000
Bid Increment:₹50,000
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 SARFAESI auction by Union Bank of India for a plot of land located in Kundrathur, Kanchipuram, Tamil Nadu. The property is categorized as Residential and is being auctioned due to default by the borrower, M/s KAVIYA SEA FOOD INDUSTRIES. The land offers a significant investment opportunity in a developing area. Don't miss this chance to acquire land in a sought-after region.
State:Tamil Nadu
City:Kanchipuram
Area:Kundrathur.
Asset Category:Residential
Full Address:76, SIVGAMI NAGAR, Eastern Portion of Plot no. 76, Survey No. 527/1, Patta No. 14126, Patta Sub- Division Survey No. 527/29A, Sivgami Nagar, No. 62, Vardharajapuram Village, Kundrathur Taluk, Kancheepuram District., Vardharajapuram Village, Kanchipuram
Building/Society:SIVGAMI NAGAR
Size:1200 sq. ft.
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a residential land parcel in Kundrathur, Kanchipuram. The auction will take place on December 11, 2025, starting at 11:00 AM and concluding at 05:00 PM. The reserve price is set at INR 12,00,000, with an Earnest Money Deposit (EMD) of INR 1,20,000 required to participate. This is a prime opportunity to own land through a transparent and efficient auction process.
Borrower Name:M/s KAVIYA SEA FOOD INDUSTRIES
Auction Type:SARFAESI Auction
Guarantor Names:Mrs Kaviya Krishnamoorthi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area with a reasonable reserve price. While it's not a prime investment, it presents a calculated opportunity for buyers looking for affordable land near Chennai. The physical possession adds to the appeal.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9137554740
