Flat for auction S1 Prashanthi Nagar, Pammal, Chennai by LIC Housing Finance

Prospective property buyers in Chennai are presented with an exceptional opportunity to acquire not one, but two distinct residential units within the well-regarded 'Agma Elegant' building, situated in the prime locality of Pammal. This offering includes Flat No. S1, boasting a generous built-up area of 912 sq. ft., and Flat No. S2, covering 751 sq. ft., both located on the second floor. Each flat comes with a significant undivided share (UDS) of the land, totaling 784 sq. ft., making this a robust asset. Pammal, known for its strategic location and excellent connectivity, offers a balanced lifestyle with proximity to essential amenities, educational institutions, and transport hubs. This unique configuration of two separate flats presents versatile possibilities, whether for a large family, dual rental income generation, or living in one and renting out the other, thereby maximizing your investment potential in Chennai's dynamic real estate market.

For new entrants to the world of bank auctions, this is a prime opportunity offered by LIC Housing Finance Ltd through a transparent SARFAESI auction process. The e-auction is scheduled for July 23, 2025, commencing at 11:00 AM and concluding at 01:00 PM. A competitive Reserve Price has been set at INR 64,60,000.00, requiring an Earnest Money Deposit (EMD) of INR 6,46,000.00, which is crucial for participation. The final date for application submission is July 22, 2025, by 05:00 PM. We strongly advise interested bidders to thoroughly review the official Sale Notice available at the provided URL for comprehensive terms and conditions. Furthermore, it is highly recommended to conduct due diligence, including a physical inspection of the property, and to seek expert legal counsel before participating. For any clarifications, Mr. V.P. Balaji or Mr. S. Nagarajan can be reached at 9445948890/9791899777, ensuring a smooth and informed bidding experience.