Flat for Auction Pozhichalur Chennai 54.3 Lakh by Bank of Maharashtra 29 Jun 2026
Pozhichalur, Chennai
Area: 1140 Sq. ft.
Dr. Radhakrishnan Salai, Pozhichalur, Chennai- 600074.
Bank of Maharashtra · Asset Recovery Branch
Reserve price
₹54,27,000
EMD ₹5,42,700
Auction date
29 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1140 Sq. ft.
- ▸Locality: Pozhichalur
- ▸Reserve: ₹54,27,000
- ▸EMD: ₹5,42,700
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Pozhichalur |
| Built-up / plot area | 1140 Sq. ft. |
| Lender | Bank of Maharashtra |
| Branch | Asset Recovery Branch |
| Unit / flat no. | F-2 |
| Building / society | JAYAM HOMES (SRI SAI FLATS) |
| Floor | 1st Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Pozhichalur, Chennai by Bank of Maharashtra — reserve price ₹54,27,000, 1140 Sq. ft., Symbolic possession.
Discover a prime investment opportunity with this 1st-floor residential flat (No. F-2) available through a bank auction by the Bank of Maharashtra. Situated in the esteemed 'JAYAM HOMES (SRI SAI FLATS)' on Dr. Radhakrishnan Salai, Pozhichalur, Chennai-600074, this spacious 1140 Sq. ft. property includes one covered car parking and an undivided share of land (340 Sq. ft.). The property is offered at a competitive reserve price of ₹54,27,000, with an EMD of ₹5,42,700 and a bid increment of ₹25,000. The e-auction is scheduled for June 29, 2026, from 11:00 AM to 01:00 PM. Property inspection dates are from June 22 to 25, 2026. This bank auction property, with symbolic possession and no known encumbrances, represents a strong buy in a desirable residential locality in Chennai.
GeoSquare note: This residential flat in Pozhichalur, Chennai, offers a strong investment opportunity due to its desirable location and competitive reserve price of ₹54.27 Lakhs. The property type (flat with car parking) is highly sought after in a metropolitan area. With a clear encumbrance status of 'NIL' and symbolic possession, it presents a balanced risk-reward profile, making it an attractive asset for potential buyers.
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