Land And Building for auction Red Hills Chennai 32 lakh Canara Bank

This offering presents a compelling opportunity to acquire a Land and Building asset in the well-connected locality of Red Hills, Chennai, Tamil Nadu. The property is categorized as residential and is being auctioned by Canara Bank under the SARFAESI Act. Its strategic location in Red Hills provides convenient access to urban amenities and infrastructure, making it an attractive proposition for prospective buyers seeking a residential asset or investment in a growing area. The property details are subject to verification and further inspection is recommended.

Canara Bank is conducting a SARFAESI auction for a Land and Building property located in Red Hills, Chennai, Tamil Nadu. The auction will commence on November 21, 2025, at 11:30 AM and conclude on the same day at 12:30 PM. The reserve price for this residential asset is ₹32,40,000, with an Earnest Money Deposit (EMD) of ₹3,24,000 required to participate. This is a unique chance to acquire a property through a transparent bank auction process. Interested bidders are advised to review all auction terms and conditions and conduct their due diligence prior to bidding.

The property, a land and building in Red Hills, Chennai, presents a calculated opportunity due to its location and size. The reserve price is moderate for the area, but potential buyers should conduct thorough due diligence. Auction terms are standard, making it an accessible investment with moderate risk.