Land and Duplex Flat for auction Mambalam Chennai 3 Cr State Bank of India

Prime residential land parcel located in the well-connected Mambalam area of Chennai, Tamil Nadu. This asset offers a significant opportunity for development in a sought-after urban location. The property is being auctioned by the State Bank of India as part of a SARFAESI action. Ideal for builders or investors looking to capitalize on Chennai's real estate growth.

State Bank of India presents an e-auction for a valuable plot of land in Mambalam, Chennai, under the SARFAESI Act. The auction begins on November 20, 2025, at 11:00 AM and concludes at 4:00 PM on the same day. The reserve price is set at ₹2,80,00,000, with an Earnest Money Deposit (EMD) of ₹28,00,000. This is a unique chance to acquire a key property in a prime Chennai locality. Interested parties are advised to review all auction terms and conditions.

The property's location in Mambalam, Chennai, combined with the availability of land and a duplex flat, presents a significant investment opportunity. The auction terms appear reasonable, and with careful due diligence, this could be a profitable acquisition. The 'Strong Buy' rating reflects the potential for value appreciation and income generation.