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Property for Auction in Chetpet, Chennai, Tamil Nadu

Property Type IconProperty Type:
Commercial Property
Location IconLocation:
Chetpet, Chennai
Auction Date IconAuction Date:
24-02-2025 12:00 PM

Auction Details

Auction ID:441997

Bank Name:Indian Overseas Bank

Branch Name:Asset Recovery Management Branch

Reserve Price:7,23,90,000

EMD:72,39,000

Service Provider:BAANKNET

Important Dates

Submission Date:20-02-2025 05:00 PM

Bid Start Date:24-02-2025 12:00 PM

Property Description

The property is a Commercial Property with Land & Building, representing a 3/6th share of IDS land. The land measures 2 Grounds and 1441 sq.ft, totaling 6241 sq.ft. The built-up area is 5801 sq.ft, distributed as follows: Ground Floor (320 sq.ft), 1st Floor (1827 sq.ft), 2nd Floor (1827 sq.ft), and 3rd Floor (1827 sq.ft). It is located at No.48 (Eastern Front Portion), Harrington Road, Chetpet, Chennai-600 030, Tamil Nadu.

State:Tamil Nadu

City:Chennai

Area:Chetpet

Asset Category:Commercial

Auction Description

This is a SARFAESI Auction for a Commercial Property located in Chetpet, Chennai, put forth by Indian Overseas Bank. The property consists of land measuring 6241 sq.ft and a built-up area of 5801 sq.ft spread across four floors (Ground, 1st, 2nd, and 3rd). The auction is scheduled to take place on February 24, 2025, from 12:00 PM to 03:00 PM. The reserve price is ₹72,390,000 and the EMD is ₹7,239,000. The property is situated at No.48, Harrington Road, Chetpet, Chennai-600 030, and stands in the name of Mrs. Kamala Bai Bafna, one of the Guarantors. The borrower is M/s. Jain Granites & Projects India Limited. For inquiries, contact Rameshwar Soren at 88022 43377.

Borrower Name:M/s.Jain Granites & Projects India Limited

Auction Type:SARFAESI Auction

Contact Details

Contact No : Rameshwar Soren 88022 43377

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