Land for Auction Okkiyam Thuraipakkam Kanchipuram 97 Lakh by Kotak Mahindra Bank
Okkiyam Thuraipakkam, Kanchipuram
Area: 3922.5 Sq. Ft.
No. 2/112, Gangai Amman Koll Street, Okkiyam Thuraipakkam, Chennai-600097
Kotak Mahindra Bank · Registered Office: Mumbai
Reserve price
₹97,00,000
EMD ₹9,70,000
Auction date
12 Aug 2026, 12:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 3922.5 Sq. Ft.
- ▸Locality: Okkiyam Thuraipakkam
- ▸Reserve: ₹97,00,000
- ▸EMD: ₹9,70,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Okkiyam Thuraipakkam |
| Built-up / plot area | 3922.5 Sq. Ft. |
| Lender | Kotak Mahindra Bank |
| Branch | Registered Office: Mumbai |
| Unit / flat no. | No. 2/112 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | bankeauctions.com / C1 India |
About this property
Land bank auction in Okkiyam Thuraipakkam, Kanchipuram by Kotak Mahindra Bank — reserve price ₹97,00,000, 3922.5 Sq. Ft., Physical possession.
Discover a unique land parcel for auction by Kotak Mahindra Bank in the developing Okkiyam Thuraipakkam, Sholinganallur, Chennai-600097. This plot, located at No. 2/112, Gangai Amman Koll Street, measures 3922.5 Sq. Ft. with a reserve price of ₹97,00,000. A portion of the land (1767 Sq. Ft.) falls under a 'Ramazar Site'. The e-auction is scheduled for 2026-08-12. Physical possession has been taken by the bank. Prospective buyers interested in a bank auction property for sale in Chennai should conduct thorough due diligence, especially regarding the 'Ramazar Site' implications, to understand its development potential.
GeoSquare note: This land in Okkiyam Thuraipakkam, Sholinganallur, Chennai, offers a decent location and physical possession. However, a significant portion (1767 Sq. Ft.) falls under a 'Ramazar Site', which is highly likely to be a typo for 'Ramsar Site', implying potential environmental restrictions and limiting development. This crucial detail introduces substantial risk, making it a risky choice despite the attractive price. Thorough due diligence on the 'Ramazar Site' implications is essential before considering investment.
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