Flat for auction Saligramam Chennai 61 lakh Canara Bank

This is a residential flat located in the prime area of Mambalam, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It offers a great opportunity for homebuyers or investors looking for a property in a well-established locality. The flat is part of a residential building and is suitable for immediate occupation or rental purposes. The surrounding area of Mambalam is known for its excellent connectivity, infrastructure, and amenities, making it a desirable place to live.

Canara Bank is conducting a SARFAESI auction for a residential flat in Mambalam, Chennai. The auction will take place on 29th November 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is INR 61,00,000, with an Earnest Money Deposit (EMD) of INR 6,10,000 required to participate. This is a unique chance to acquire a property in a sought-after location through a transparent auction process. Interested bidders are advised to review all auction terms and conditions and conduct necessary due diligence before participating.

This property presents a calculated opportunity due to its location in Saligramam, a well-established area in Chennai. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence and assess the property's condition and legal standing before bidding. Auction terms are standard, making it a moderately attractive investment with careful consideration.