Land for Auction Anna Colony 1st Street Melur Village Madurai 2 Crore by Axis Bank 15 Jul 2026
Anna Colony 1st Street, Melur Village, Madurai
Area: 5635.0 Sq.ft
Door Nos. 377A, 378D, 378A, Anna Colony 1st Street, Melur Village, Madurai Trichy Main Road, Melur Taluk
Axis Bank · Mylapore, Chennai
Reserve price
₹1,95,04,000
EMD ₹19,50,400
Auction date
15 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 5635.0 Sq.ft
- ▸Locality: Anna Colony 1st Street, Melur Village
- ▸Reserve: ₹1,95,04,000
- ▸EMD: ₹19,50,400
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Anna Colony 1st Street, Melur Village |
| Built-up / plot area | 5635.0 Sq.ft |
| Lender | Axis Bank |
| Branch | Mylapore, Chennai |
| Unit / flat no. | Plot No.7B, Plot No.9, Plot No.10, Door Nos. 377A, 378D, 378A |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | Public Auction |
About this property
Land bank auction in Anna Colony 1st Street, Melur Village, Madurai by Axis Bank — reserve price ₹1,95,04,000, 5635.0 Sq.ft, Physical possession.
Seize the opportunity to acquire a spacious 5635 Sq.ft residential plot with an existing building (Door Nos. 377A, 378D, 378A) through a bank auction. Located in the well-established Anna Colony 1st Street, Melur Village, Melur Taluk, Madurai, this property comprises multiple house plots (7B, 9, 10) offering significant development potential. Situated on the Madurai Trichy Main Road, it boasts excellent connectivity and accessibility. Conducted by Axis Bank, the e-auction features a reserve price of ₹19,504,000.0 and an EMD of ₹1,950,400.0. This bank auction property is under physical possession, making it an attractive option for both investors and individuals seeking a prime residential plot for sale in Madurai.
GeoSquare note: This property stands out as a strong buy given its considerable size of 5635 Sq.ft, encompassing multiple plots and an existing building. Its strategic location in Anna Colony 1st Street, Melur, Madurai, with access to Madurai Trichy Main Road, enhances its market appeal. The bank has taken physical possession, streamlining the acquisition process. Although the reserve price is significant, the property's potential for immediate use or future development makes it a highly attractive investment.
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