Land And Building for auction Purasawalkam Chennai 5 Cr Canara Bank

This auction features a prime Land and Building property located in the sought-after Purasawalkam area of Chennai, Tamil Nadu. The asset, categorized as residential, is being auctioned by Canara Bank under SARFAESI laws. The property is associated with borrower M/s. KH Shareeff. It presents a significant opportunity for investors and homeowners in a well-established urban locale.

Canara Bank is conducting a SARFAESI auction for a valuable Land and Building property in Purasawalkam, Chennai. The auction has a reserve price of ₹4,78,80,000 and requires an Earnest Money Deposit (EMD) of ₹47,88,000. Bidders can participate in the auction, which starts on November 21, 2025, at 11:30 AM and concludes at 12:30 PM on the same day. This is a limited-time opportunity to acquire a property through a transparent bank auction process.

The property is located in a good area of Chennai. The reserve price seems high, and hence it is categorized as a calculated opportunity with potential for value appreciation if acquired at a competitive price during the auction. Location and property type support investment potential.