Land for auction KG Towers, Velachery, Chennai by Asset Reconstruction Com

The property consists of two main land parcels and a flat. ITEM 1: Vacant land at Plot No.30-A, 100 Feet Road, Vijaya Nagar North Extension, Velachery, Chennai 600 042, in Survey No. 383 (part), Patla No. 7327, as per Patta Survey No.383/3, measuring approximately 6415 sq.ft. The boundaries are: North by Land Comprised in Survey No.383/3, South by Approved Layout, East by 150 Feet Road, and West by Land Comprised in Survey Nos.375/2, 380/3, 86, 380/6. ITEM 2: Vacant land at Plot No.30, 100 Feet Road, Vijaya Nagar North Extension, Velachery, Chennai 600 042, in Survey No. 375/1, Patta No.6151, as per Patta Survey No. 375/3, measuring approximately 9570 sq. ft., bounded by North: Land Comprised in Survey No. 380/2, South by: Land Comprised in Survey No.371/1, East by: Lands Comprised in Survey No. 381/1, West by: Land Comprised in Survey Nos. 376 & 374. Additionally, this item includes Survey No.380/2 (part), Patta No.6151, as per Patta Survey No. 380/3, measuring approximately 3044 sq.ft., bounded by North: Lands comprised in Survey No.380/2 Part, South by: Lands comprised in Survey Nos.375/3, 383 Part 371/2, East by: 150 Feet Road, West by: Lands comprised in Survey No.379. The total land area for both items is approximately 19029 sq. ft. The property also includes a flat, No. GB on the Ground Floor in 'KG Towers', measuring 8500 sq ft., inclusive of common areas.

This auction presents a unique opportunity to acquire a substantial land and building asset in the prime location of Velachery, Chennai. The property, offered by Asset Reconstruction Company (India) Ltd. (Arcil), is situated on a total land area of approximately 19029 sq. ft. The sale includes a flat measuring 8500 sq ft on the Ground Floor of 'KG Towers' along with an undivided share in common areas. The land parcels include Plot No. 30A and Plot No. 30, located on 100 Feet Road, Vijaya Nagar North Extension. These parcels are further detailed by their respective survey and patta numbers, along with specific boundary descriptions. The property is zoned for residential use and is part of a SARFAESI Auction. The reserve price is set at 58,00,000.00 with an Earnest Money Deposit (EMD) of 5,80,000.00. Bids must be submitted by March 24, 2025, 5:00 PM, with the auction concluding on March 25, 2025, at 3:30 PM. The property is located within the Registration District of Chennai South and the Sub-Registration District of Velachery, Tamil Nadu.