Land for auction 37 Thyagaraya Nagar, Mambalam, Chennai by Indian Bank

This offering is for a Land and Building property located in the bustling Mambalam area of Chennai, Tamil Nadu. Classified under the residential asset category, this property represents a substantial real estate opportunity. Situated in a prime urban setting, it is ideal for developers or investors looking to capitalize on Chennai's dynamic market. The property is being auctioned by Indian Bank under the SARFAESI Act. Its location in Mambalam ensures excellent connectivity and access to amenities, making it a desirable acquisition for commercial or residential development.

Indian Bank presents a SARFAESI auction for a prime Land and Building property in Mambalam, Chennai. This residential asset, previously associated with M/s.SARAVANA STORES (GOLD PALACE), offers a significant investment opportunity. The auction will be conducted online on August 19, 2025, from 11:00 AM to 4:00 PM. The reserve price is set at ₹36,77,00,000, with an Earnest Money Deposit (EMD) of ₹3,67,70,000 required to participate. Don't miss this chance to acquire a valuable property in a sought-after location in Tamil Nadu.