Flat for Auction Padi Chennai 52 Lakh by Punjab National Bank
Padi, Chennai
Area: 1020 sq. ft.
Plot No. 20/21, Gandhi Street, Mathialagan Nagar, Padi, Chennai 600050
Punjab National Bank · ARMB
Reserve price
₹52,00,000
EMD ₹5,20,000
Auction date
06 Oct 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1020 sq. ft.
- ▸Locality: Padi
- ▸Reserve: ₹52,00,000
- ▸EMD: ₹5,20,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Padi |
| Built-up / plot area | 1020 sq. ft. |
| Lender | Punjab National Bank |
| Branch | ARMB |
| Unit / flat no. | Flat No. C-1 |
| Floor | Third Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Padi, Chennai by Punjab National Bank — reserve price ₹52,00,000, 1020 sq. ft., Symbolic possession.
Participate in the upcoming bank auction property sale by Punjab National Bank. This residential flat is located in the well-connected area of Padi, Chennai. Featuring a super built-up area of 1020 sq. ft., this third-floor unit (Flat No. C-1) is situated at Plot No. 20/21, Gandhi Street, Mathialagan Nagar. The property is being sold on an 'as is where is' basis with symbolic possession. With a reserve price of ₹52,00,000 and an EMD of ₹5,20,000, this is a prime opportunity for investors looking for affordable residential real estate in Chennai. The e-auction is scheduled for 06.10.2026. Don't miss out on this potential bank auction property investment in a developing Chennai locality.
GeoSquare note: The property is located in a decent residential area of Padi, Chennai, and is competitively priced for a 1020 sq. ft. flat. However, the possession status is only 'Symbolic', which entails a longer legal process for the buyer to acquire physical possession. It is a fair option for investors aware of the legal procedures involved in SARFAESI acquisitions.
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