Land for auction F1 Prashanthi Nagar, Alandur, Kanchipuram by LIC Housing Finance

Prospective property buyers are presented with an exceptional opportunity to acquire two well-situated flats, F1 and F2, in the desirable Prashanthi Nagar layout, Pammal Village, within Alandur Taluk, Kanchipuram District. Flat F1 offers a generous 912 Sq Ft of saleable area with a 430 Sq Ft Undivided Share (UDS) of land, while Flat F2 provides 739 Sq Ft of saleable area and a 349 Sq Ft UDS. These properties are part of an approved layout (L.P.D.M./DDTP No.148/1975), ensuring planned development and good infrastructure. Strategically located with direct frontage on a 20 Feet Road (Bharathiyar Street), these flats boast excellent accessibility and connectivity within the South Chennai Registration District. The area is known for its established residential character, making it an ideal choice for families seeking a peaceful yet well-connected living environment, or for astute investors looking for assets with strong appreciation potential in a growing suburban hub.

This prime real estate asset, comprising two flats, is being offered through a SARFAESI auction by LIC Housing Finance Ltd, presenting a unique acquisition avenue for new buyers. The reserve price for these combined properties is set at INR 7,125,000.00, with an Earnest Money Deposit (EMD) of INR 712,500.00 required to participate. Interested parties must submit their applications by 05:00 PM on July 22, 2025. The e-auction is scheduled for July 23, 2025, from 11:00 AM to 01:00 PM, managed by the service provider Auctionbazaar. New buyers are strongly advised to conduct thorough due diligence, including property inspection and legal verification, prior to the auction. For any clarifications or assistance, prospective bidders can contact Mr. V.P. Balaji or Mr. S. Nagarajan at 9445948890 / 9791899777. Understanding these key timelines and requirements is crucial for a successful participation in the bank auction process.