Flat for Auction Kattupakkam Chennai 42 Lakh by Bank of India

Quick read

• ▸Possession: Symbolic
• ▸Area: 950 sq. ft.
• ▸Locality: Kattupakkam
• ▸Reserve: ₹42,00,000
• ▸EMD: ₹4,20,000

About this property

Flat bank auction in Kattupakkam, Chennai by Bank of India — reserve price ₹42,00,000, 950 sq. ft., Symbolic possession.

Opportunity to purchase a residential flat in the prime locality of Kattupakkam, Chennai through a Bank of India auction. Located in the 'Madura Manor' apartment complex, this first-floor flat offers a built-up area of 950 sq. ft. including common areas. The property is situated in Ganapathy Nagar, Poonamallee, providing easy access to city amenities. This bank auction property is an excellent investment opportunity for homebuyers looking for a residential space in Thiruvallur District. The auction process is transparent, managed by the Asset Recovery Branch of Bank of India. Interested bidders must submit their EMD by 24th September 2024 to participate in the e-auction scheduled for 25th September 2024. Don't miss this chance to acquire a well-located property at a competitive reserve price.

GeoSquare note: The property is located in a well-connected residential area of Chennai (Kattupakkam/Poonamallee) within a named apartment complex, suggesting good utility value. The reserve price is competitive for the region; however, the symbolic possession status necessitates due diligence regarding the physical eviction process. Overall, it is a strong investment option for those looking for a residential asset in a growing suburb.