Land for auction Saidapet Chennai 7 Cr Indian Overseas Bank

Indian Overseas Bank presents a prime land parcel for auction in the well-established area of Saidapet, Chennai, Tamil Nadu. This residential land offers a unique opportunity for development in a sought-after location. Situated in a prominent urban center, it promises excellent connectivity and access to essential amenities. Ideal for investors and developers looking for a strategic land acquisition in Chennai's thriving real estate market.

This is a SARFAESI auction conducted by Indian Overseas Bank for a valuable land property in Saidapet, Chennai. The auction will take place on November 18, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at INR 6,64,90,000, with an Earnest Money Deposit (EMD) of INR 66,49,000. This is a fantastic opportunity to acquire a significant land asset in a prime Chennai location. Interested parties are encouraged to review all auction terms and conditions provided by the bank.

The property is a land parcel in a developing area of Chennai, with a moderate reserve price. While the location has potential, the divided share ownership adds complexity. This presents a calculated opportunity for investors willing to conduct thorough due diligence.