Flat for Auction Mambakkam Kanchipuram 25 Lakh by Indian Overseas Bank
Mambakkam, Kanchipuram
Area: 731 sq. ft.
Flat No.112, 1st Floor, Block No.7, Globevill, Phase-1, Mambakkam Revenue Village, Sriperumbudur Taluk
Indian Overseas Bank · Asset Recovery Management Branch
Reserve price
₹25,00,000
EMD ₹2,50,000
Auction date
10 Aug 2026, 10:30 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 731 sq. ft.
- ▸Locality: Mambakkam
- ▸Reserve: ₹25,00,000
- ▸EMD: ₹2,50,000
Auction snapshot
| Possession | Physical |
| Property type | Flat · Residential |
| Locality | Mambakkam |
| Built-up / plot area | 731 sq. ft. |
| Lender | Indian Overseas Bank |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | 112 |
| Building / society | Globevill, Phase-1 |
| Floor | 1st Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Mambakkam, Kanchipuram by Indian Overseas Bank — reserve price ₹25,00,000, 731 sq. ft., Physical possession.
Participate in this bank auction property opportunity featuring a residential flat located in the 'Globevill' Phase-1 project, Mambakkam, Sriperumbudur, Kanchipuram. This 731 sq. ft. flat is situated on the 1st floor of Block No. 7 and includes an undivided share of land measuring 249 sq. ft. The property is being auctioned by Indian Overseas Bank with a reserve price of ₹25,00,000. Ideal for home buyers and investors looking for affordable real estate in the growing Sriperumbudur region. The e-auction is scheduled for August 10, 2026. Interested bidders must submit their EMD by the specified deadline. Don't miss this chance to acquire a prime residential unit through a transparent bank sale process.
GeoSquare note: This property offers a competitive entry price for the Sriperumbudur industrial and residential corridor. Given the established 'Globevill' project location and the transparent auction process, it represents a strong buy for first-time homeowners or long-term rental investors.
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