Land And Building for auction Avadi Chennai 79 lakh Indian Bank

Discover an excellent investment opportunity in Sriperumbudur, Kanchipuram, Tamil Nadu. This SARFAESI auction by Indian Bank presents a valuable Land and Building asset, formerly associated with M/s Suja Silks. Situated in a key area, this residential property offers significant potential for development or personal use. The property is located in the well-connected district of Kanchipuram, making it an attractive prospect for buyers seeking a foothold in a growing region.

Indian Bank is conducting a SARFAESI auction for a Land and Building property in Sriperumbudur, Kanchipuram. The auction opens on November 24, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price is set at INR 79,00,000, with an Earnest Money Deposit (EMD) of INR 7,90,000 required to participate. This is a unique chance to acquire a property with clear title under the SARFAESI Act.

The property is a land and building in Avadi, Chennai, offered at a reasonable reserve price. While the location is not prime, the physical possession and clear encumbrance status present a moderate opportunity for potential buyers. Careful assessment of the local market and future development prospects is recommended before bidding.