Land And Building for auction Saidapet Chennai 2 Cr Income Tax Department

This offering presents a unique opportunity to acquire a land and building property in the well-established area of Saidapet, Chennai, Tamil Nadu. Previously owned by Shri. Mahendra Kumar Jain, this asset falls under the residential category. The property is part of a SARFAESI auction conducted by the Income Tax Department. Its strategic location in Chennai provides potential for both residential use and investment growth. Don't miss the chance to bid on this significant property.

The Income Tax Department is conducting a SARFAESI auction for a valuable land and building property in Saidapet, Chennai. The auction will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this auction is set at ₹1,74,50,000, with an Earnest Money Deposit (EMD) of ₹17,45,000 required to participate. This is a prime opportunity for discerning investors and buyers looking to acquire a property in a desirable Chennai location. Ensure you are registered and ready to bid.

The property, a land and building in Saidapet, Chennai, presents a calculated investment opportunity. The location is reasonably prime, but the lack of clarity on encumbrances and possession status introduces some risk. Given the reserve price and potential for appreciation, further due diligence is advised before bidding.