Land for auction Mambakkam Village Kanchipuram 24 lakh Indian Bank

This is a unique opportunity to acquire a parcel of land in the developing region of Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The property is categorized as residential land, making it suitable for various development purposes. Located in a well-connected area, it offers potential for future growth and investment. The auction is conducted by Indian Bank under the SARFAESI Act.

Indian Bank is pleased to announce a SARFAESI auction for a prime plot of residential land in Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The auction will be held on November 19, 2025, from 10:00 AM to 04:00 PM. The reserve price for this valuable asset is INR 23,50,000, with an Earnest Money Deposit (EMD) of INR 2,35,000 required to participate. This auction presents a direct opportunity to purchase property previously associated with M/s. India Steel Traders.

The property presents a calculated opportunity due to its location in Sriperumbudur, an industrial hub, and its mix of land and residential components. The reserve price appears reasonable, but potential investors should conduct thorough due diligence. The auction terms are standard, making it an accessible option for informed buyers.