Land for auction 2 Padi Villa, Ambattur, Tiruvallur by Omkara Assets Reconstruct

Discover a promising real estate asset in the strategically advantageous locale of Ambattur Taluk, Tiruvallur District, Tamil Nadu. This property, located at Door No. 99, North Mada Street, Padi, Chennai 600 050, encompasses a significant land area of 4778 square feet, complemented by an existing building structure. The property's positioning in Padi, a developing area within Ambattur Taluk, offers excellent connectivity and proximity to the commercial and industrial centers of Chennai. This makes it an attractive proposition for both residential and commercial ventures, with potential for future capital growth. The land parcel has specific dimensions, measuring approximately 125 feet 6 inches on the north and 139 feet on the south, with varying depths on the eastern and western sides. Its boundaries are clearly defined by neighboring properties, including residential houses and a temple, suggesting an established neighborhood. This asset presents a unique chance for investors and owner-occupiers to acquire a well-situated property with considerable upside potential.

This SARFAESI auction presents a compelling opportunity to acquire a substantial land and building parcel in the well-connected Ambattur Taluk, Tiruvallur District, Tamil Nadu. The property, identified by Door No. 99 on North Mada Street, Padi, Chennai 600 050, offers a generous land extent of 4778 sq. ft. with an established building. Its strategic location in Padi, within Ambattur Taluk, provides access to the thriving economic hub of Chennai, promising significant potential for appreciation and development. The property is bounded by neighboring residences and a temple, indicating a developed locality. The auction is conducted by Omkara Assets Reconstruction Pvt Ltd, with the bidding scheduled to commence on February 20, 2025, from 11:00 AM to 12:00 PM. A substantial Earnest Money Deposit (EMD) of INR 15,00,000 is required to participate, along with the application submission deadline of February 18, 2025. Interested buyers are advised to conduct thorough due diligence regarding property title, encumbrances, and local development plans before participating.