Flat for auction T1 Tambaram, Chennai by Indian Overseas Bank

This offering is for a residential flat located in Tambaram, Chennai, Tamil Nadu. Situated in a well-established area, the property provides convenient access to essential amenities and infrastructure. Tambaram is a key locality within Chennai, known for its connectivity and developing urban landscape. The flat is categorized as residential property, suitable for individual or family living. Further details regarding the specific dimensions, floor, and amenities of the flat will be available in the detailed auction notice. This property is part of a SARFAESI auction conducted by Indian Overseas Bank.

Indian Overseas Bank presents a SARFAESI auction for a residential flat in Tambaram, Chennai, Tamil Nadu. The reserve price is ₹57,62,000 with an Earnest Money Deposit (EMD) of ₹5,76,200. The auction will be held on September 4, 2025, from 11:00 AM to 3:00 PM. This is a valuable opportunity to acquire a property in a desirable location through a transparent banking auction process. The property is being auctioned due to the default by the borrower, Mr. Prasanna Venkatesh R. Interested parties are encouraged to review all auction terms and conditions prior to bidding.