Land and Building for Auction Mylapore Chennai 2 Crore by Asset Reconstruction Company India Ltd Arcil
Mylapore, Chennai
Area: 3146 Sq.ft
No.40 (New Door No.28) Dr Ranga Road, Bheemannapet, Mylapore Chennai-600004.
Asset Reconstruction Company (India) Ltd. (Arcil) · Dadar West, Mumbai
Reserve price
₹2,00,00,000
EMD ₹20,00,000
Auction date
05 Aug 2026, 05:00 PM
Auction notice
Request the official notice — we share it after verification.
Bid form
Download bid form assistance via our team.
Quick read
- ▸Possession: Symbolic
- ▸Area: 3146 Sq.ft
- ▸Locality: Mylapore
- ▸Reserve: ₹2,00,00,000
- ▸EMD: ₹20,00,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Mylapore |
| Built-up / plot area | 3146 Sq.ft |
| Lender | Asset Reconstruction Company (India) Ltd. (Arcil) |
| Branch | Dadar West, Mumbai |
| Unit / flat no. | No. 40 (New Door No. 28) |
| Floor | Ground floor and First Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹30,000 |
| Service provider | Public Auction |
About this property
Land And Building bank auction in Mylapore, Chennai by Asset Reconstruction Company (India) Ltd. (Arcil) — reserve price ₹2,00,00,000, 3146 Sq.ft, Symbolic possession.
Discover a prime bank auction property in the highly sought-after Mylapore area of Chennai. This residential land and building for sale comprises an 1880 sq.ft RCC building across ground and first floors, complemented by a 1266 sq.ft undivided share of land. Strategically located at No.40 (New Door No.28) Dr Ranga Road, Bheemannapet, Mylapore, Chennai-600004, this property offers significant investment potential in a well-established and desirable locality. The e-auction by Asset Reconstruction Company (India) Ltd. (Arcil) is scheduled for August 5, 2026, with an attractive reserve price of ₹2,00,00,000 and an Earnest Money Deposit (EMD) of ₹2,00,000. This is an excellent opportunity to acquire a valuable bank auction property in Chennai's thriving real estate market. Contact Yuvek J. for further details and to arrange an inspection.
GeoSquare note: This property is a strong buy due to its excellent location in Mylapore, Chennai, a highly sought-after residential area. The substantial RCC building (1880 sq.ft) combined with a significant undivided land share (1266 sq.ft) offers good value. While possession is symbolic, this is common for bank auction properties, and the attractive price range for a prime Chennai location makes it a compelling investment opportunity.
Auction assistance
Guided support for notice review, EMD, and bid filing — most Maharashtra buyers choose a package. View detailed plans →
Basic Assistance
₹4,999
Document review, auction calendar alerts, and bid-form checklist.
Standard Assistance
₹14,999
Site visit coordination, legal summary, and end-to-end bid filing support.
Premium Selection
5% of reserve
We shortlist and acquire auction property on your behalf across Maharashtra.