Land for auction 2 Pammal Villa, Alandur, Chennai by South Indian Bank

This presents an excellent opportunity for prospective homeowners or investors to acquire a residential flat in the highly sought-after Alandur area of Chennai. Specifically located as Flat no. F-2 on the first floor within the LIC Colony of Pammal Municipality, this property offers a comfortable built-up area of 750 sq. ft., which includes common areas, ensuring practical living space. The offering includes a substantial 1/5th Undivided Share (UDS) corresponding to 362.60 sq. ft. of the total land extent, adding significant long-term value. Situated strategically with clear boundaries – Thiruneermalai Road to the North and another road to the West – the flat benefits from excellent connectivity and accessibility. The property's location in Pammal Village, a well-developed part of Chennai South District, promises convenience to essential services, educational institutions, and transport links, making it an ideal choice for a family residence or a sound rental investment.

Prospective buyers are invited to participate in a transparent SARFAESI auction conducted by South Indian Bank for this residential asset. The property is offered at a competitive Reserve Price of INR 3,011,000.00. To ensure eligibility and secure participation, interested parties must submit an Earnest Money Deposit (EMD) of INR 301,100.00. The online auction is scheduled to commence on July 23, 2025, at 11:30 AM and will conclude promptly at 12:30 PM on the same day, allowing for a focused bidding window. The deadline for application submission is July 22, 2025, by 05:00 PM. It is highly recommended that all interested bidders conduct thorough due diligence prior to the auction. For any inquiries or assistance with the process, potential bidders may contact the Authorised Officer or Mr. Arunkumar R. at Mobile No: 9894647220. The auction is facilitated by bankeauctions.com / C1 India, ensuring a streamlined online experience.