Land for auction Uniques Luckshmi, Velachery, Chennai by Canara Bank

This auction presents a compelling opportunity to own a residential flat in the vibrant and well-connected locale of Velachery, Chennai. The property, identified as Flat No.G-1, is situated on the ground floor of the "Uniques Luckshmi" building, offering a comfortable super plinth area of 1,166 sq.ft. A significant advantage is the inclusion of a dedicated car parking space, adding to the convenience and value of this offering. The flat is strategically located at Plot No.9, 7th Cross Street, Rajalakshmi Nagar, Velachery, Chennai-42, within Survey Nos. 449/1 and Patta No.449/28. This address places it in a well-developed neighborhood known for its excellent infrastructure, including good road connectivity, easy access to public transport, and a plethora of amenities. Velachery is a prominent commercial and residential hub, offering a high quality of life with numerous shopping centers, restaurants, schools, and hospitals in close proximity. The property's location provides a strong foundation for both comfortable living and potential capital appreciation, making it an attractive prospect for new buyers seeking value in the Chennai real estate market.

This is a significant opportunity for aspiring homeowners and astute investors to acquire a residential property in the well-established and highly sought-after locality of Velachery, Chennai. The auction is being conducted by Canara Bank, a reputable financial institution, under the SARFAESI Act, presenting a transparent and regulated process for acquiring distressed assets. The property in question is a residential flat, Flat No.G-1, located on the ground floor of the building named "Uniques Luckshmi". It boasts a generous super plinth area of 1,166 sq.ft and includes a dedicated car parking space. The flat is situated on Plot No.9, 7th Cross Street, Rajalakshmi Nagar, a prime address in Velachery, Chennai-42. This area is renowned for its excellent connectivity, proximity to educational institutions, healthcare facilities, and burgeoning commercial hubs, making it an ideal residential destination. The reserve price for this valuable asset is set at ₹48,00,000, with an Earnest Money Deposit (EMD) of ₹4,80,000 required to participate. The auction is scheduled to take place on February 20, 2025, from 10:30 AM to 11:30 AM. Interested parties are advised to submit their applications by February 19, 2025, 05:00 PM. For further inquiries, please contact Canara Bank at 044-28496339/2849.