Land for auction Thiruvanmiyur Chennai 6 Cr State Bank of India

State Bank of India presents a prime land parcel in the sought-after Thiruvanmiyur, Chennai. This valuable asset, part of a SARFAESI auction, offers an exceptional opportunity for developers or investors. Situated in Tamil Nadu's vibrant capital, the land is located in a well-established residential area known for its connectivity and amenities. This is a direct sale by the bank, providing a transparent and secure transaction process. Ideal for building residential projects or for long-term investment growth in a rapidly developing urban landscape.

State Bank of India is conducting an e-auction under SARFAESI Act for the sale of land belonging to Mr. S.Raavi in Thiruvanmiyur, Chennai. The auction will take place on 24-11-2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this residential land is ₹6,23,00,000, with an Earnest Money Deposit (EMD) of ₹62,30,000 required to participate. Prospective bidders are advised to review all auction terms and conditions, and conduct their due diligence before the auction date. This is a unique chance to acquire a significant land asset in a prime Chennai location.

The land's prime location in Thiruvanmiyur, a desirable residential area in Chennai, coupled with the physical possession status, makes it a strong investment. The relatively reasonable reserve price, considering the location and size, further solidifies the recommendation for a strong buy.