Flat for Auction Adambakkam Chennai 62 Lakh by Omkara Assets Reconstruction Pvt Ltd
Adambakkam, Chennai
Area: 1300.0 Sq. Ft.
Flat Block F, Second floor, Kremlin Square Apartment, Plot No.1, Door No.6, E.B. Colony 2nd Street, Adambakkam, Chennai 600 088
Omkara Assets Reconstruction Pvt Ltd · Corporate Office : Mumbai
Reserve price
₹62,00,000
EMD ₹6,20,000
Auction date
29 Jul 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 1300.0 Sq. Ft.
- ▸Locality: Adambakkam
- ▸Reserve: ₹62,00,000
- ▸EMD: ₹6,20,000
Auction snapshot
| Possession | Physical |
| Property type | Flat · Residential |
| Locality | Adambakkam |
| Built-up / plot area | 1300.0 Sq. Ft. |
| Lender | Omkara Assets Reconstruction Pvt Ltd |
| Branch | Corporate Office : Mumbai |
| Unit / flat no. | Block F |
| Building / society | Kremlin Square Apartment |
| Floor | Second floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹30,000 |
| Service provider | bankeauctions.com / C1 India |
About this property
Flat bank auction in Adambakkam, Chennai by Omkara Assets Reconstruction Pvt Ltd — reserve price ₹62,00,000, 1300.0 Sq. Ft., Physical possession.
Discover a **bank auction property** in Chennai: a spacious 1300 Sq. Ft. residential flat located in Block F on the second floor of 'Kremlin Square Apartment' in Adambakkam. This **flat for sale in Chennai** boasts a strategic location in Guindy Taluk. The e-auction by Omkara Assets Reconstruction Pvt Ltd has a **reserve price of ₹62,00,000** and an EMD of ₹6,20,000. Scheduled for July 29, 2026, this **residential flat auction** offers physical possession, making it an attractive opportunity for investors or homebuyers seeking **property in Adambakkam**. Prospective buyers are advised to perform due diligence, especially concerning the significant outstanding dues, before participating in this **Chennai property auction**.
GeoSquare note: This 1300 sq. ft. flat in Adambakkam, Chennai, offers physical possession and is situated in a desirable residential area with a competitive reserve price of ₹62 lakhs. However, the property carries a very significant encumbrance of ₹2.45 Crores in outstanding dues, which is over four times the reserve price. This huge liability presents a considerable risk to potential buyers, necessitating extensive legal due diligence and making it a risky choice despite its otherwise appealing attributes.
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