Land for Auction Nemilichery Kanchipuram 5.4 Crore by Indian Overseas Bank
Nemilichery, Kanchipuram
Area: 1.95 acres
S.No.1/2, Nemilichery Village, Alandur Taluk, Kancheepuram District, Tamil Nadu
Indian Overseas Bank · Asset Recovery Management Branch
Reserve price
₹5,36,00,000
EMD ₹53,60,000
Auction date
29 Jul 2026, 10:30 AM
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Quick read
- ▸Possession: Constructive
- ▸Area: 1.95 acres
- ▸Locality: Nemilichery
- ▸Reserve: ₹5,36,00,000
- ▸EMD: ₹53,60,000
Auction snapshot
| Possession | Constructive |
| Property type | Land · Residential |
| Locality | Nemilichery |
| Built-up / plot area | 1.95 acres |
| Lender | Indian Overseas Bank |
| Branch | Asset Recovery Management Branch |
| Unit / flat no. | S.No.1/2 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | BAANKNET |
About this property
Land bank auction in Nemilichery, Kanchipuram by Indian Overseas Bank — reserve price ₹5,36,00,000, 1.95 acres, Constructive possession.
Participate in this upcoming bank auction property listing by Indian Overseas Bank. This prime land parcel measures 1.95 acres and is located in Nemilichery Village, Alandur Taluk, Kancheepuram District. The property is situated within the Pallavaram Municipality limits, offering significant development potential. The reserve price for this auction is ₹5.36 Crores, with an EMD of ₹53.6 Lakhs. The e-auction is scheduled for July 29, 2026. This is a rare opportunity to acquire a substantial land holding in a growing area of Tamil Nadu. Interested investors should conduct thorough due diligence, as the property is currently under constructive possession and involves ongoing litigation. Contact the authorized officer for inspection and further details regarding this land for sale via bank auction.
GeoSquare note: While the 1.95-acre land size in the Pallavaram Municipality area is a significant investment opportunity, the property is currently under constructive possession rather than physical possession. Furthermore, there are multiple ongoing litigations (OS No. 44/2023, 1034/2023, and 51/2026) associated with the title, making it a high-risk acquisition requiring extensive legal scrutiny.
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