Land for Auction Kolathur Kanchipuram 40 Lakh by Bank of India

Quick read

• ▸Possession: Symbolic
• ▸Area: 980 sq. ft.
• ▸Locality: Kolathur
• ▸Reserve: ₹40,00,000
• ▸EMD: ₹4,00,000

About this property

Land bank auction in Kolathur, Kanchipuram by Bank of India — reserve price ₹40,00,000, 980 sq. ft., Symbolic possession.

Participate in this bank auction property opportunity featuring a residential flat located in the Top Land layout, Kolathur, Chengalpet. This property, owned by Mr. Thufail Ahmed.A, consists of a second-floor flat (Flat No. S1) with a sale area of 980 sq. ft., including common areas and car parking. The property is situated in the Chengalpet district within the Thiruporur sub-registration jurisdiction. With a reserve price of ₹40,00,000 and an EMD of ₹4,00,000, this auction offers a potential investment in a developing area. The e-auction is scheduled for July 28, 2024. Interested bidders should note the symbolic possession status and conduct independent due diligence. Don't miss this chance to acquire residential real estate through the Bank of India auction process in Kanchipuram/Chengalpet region.

GeoSquare note: The property is a well-sized residential flat in an approved layout, which adds a layer of security. However, the rating is tempered by the 'Symbolic' possession status, which may involve legal delays in obtaining physical control. It remains a fair option for investors comfortable with the typical procedural timelines of bank auctions.