Flat for Auction Pozhichalur Chennai 55 Lakh by Bank of Maharashtra 29 Jun 2026
Pozhichalur, Chennai
Area: 1156.0 Sq. ft.
Dr. Radhakrishnan Salai, Pozhichalur, Chennai-600 074
Bank of Maharashtra · Asset Recovery Branch
Reserve price
₹54,99,000
EMD ₹5,49,900
Auction date
29 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1156.0 Sq. ft.
- ▸Locality: Pozhichalur
- ▸Reserve: ₹54,99,000
- ▸EMD: ₹5,49,900
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Pozhichalur |
| Built-up / plot area | 1156.0 Sq. ft. |
| Lender | Bank of Maharashtra |
| Branch | Asset Recovery Branch |
| Unit / flat no. | S-1 |
| Building / society | JAYAM HOMES (SRI SAI FLATS) |
| Floor | 2nd 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 ₹54,99,000, 1156.0 Sq. ft., Symbolic possession.
Discover a prime bank auction property: a spacious 1156 sq. ft. residential flat (No. S-1) on the 2nd floor within the 'JAYAM HOMES (SRI SAI FLATS)' apartment complex. Located on Dr. Radhakrishnan Salai, Pozhichalur, Chennai-600 074, this property includes a covered car parking and an undivided share of land measuring 365 sq. ft. This is an excellent opportunity for buyers looking for a 'bank auction property' in Chennai. The e-auction, conducted by Bank of Maharashtra, features a reserve price of ₹54,99,000.0 and an EMD of ₹5,49,900.0. The auction date is June 29, 2026, from 11:00 AM to 01:00 PM. Property inspection can be arranged between June 22 and June 25, 2026. The property has symbolic possession and no known encumbrances, making it a clear investment choice.
GeoSquare note: This residential flat in Pozhichalur, Chennai, offers a solid investment opportunity with a competitive reserve price of ₹54.99 lakhs for 1156 sq. ft. Its location in a major city like Chennai enhances its appeal. While the possession status is symbolic, the clear title with no known encumbrances makes it a relatively low-risk 'bank auction property' for potential buyers.
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