Plot for auction 119 Purasawalkam Villa, Perambur, Chennai by LIC Housing Finance

Property for Auction in Perambur, Chennai, Tamil Nadu

Property Type IconProperty Type:
Plot
Location IconLocation:
Perambur, Chennai
Auction Date IconAuction Date:
23-07-2025 11:00 AM

Auction Details

Auction ID:535737

Bank Name:LIC Housing Finance Ltd

Branch Name:chennai

Reserve Price:2,76,00,000

EMD:27,60,000

Service Provider:Auctionbazaar

Important Dates

Submission Date:22-07-2025 05:00 PM

Bid Start Date:23-07-2025 11:00 AM

Property Description

This exceptional residential property, located in the highly sought-after Perambur area of Chennai, presents a unique opportunity for prospective homeowners and investors. Situated on Secretariat Colony 6th Street, Kilpauk, within the well-established Purasawalkam Village, this asset boasts a total extent of 1688 Sq.Ft, featuring an existing RCC Roofed Building. Its prime location within the Chennai Corporation ensures excellent connectivity and access to urban amenities. The detailed bounding information indicates a structured and identifiable plot within a developed residential locality, offering peace of mind regarding boundary clarity. Given its substantial land area and existing structure, this property is ideally suited for comprehensive renovation, a bespoke redevelopment project, or as a valuable long-term investment in a vibrant metropolitan setting. Its strategic position in Central Chennai guarantees sustained appreciation potential, making it a compelling acquisition for those looking to secure a significant asset in a prime urban corridor.

State:Tamil Nadu

City:Chennai

Area:Perambur

Asset Category:Residential

Auction Description

Prospective buyers keen on acquiring this valuable asset through a bank auction should note the critical details. This SARFAESI auction is conducted by LIC Housing Finance Ltd, a reputable financial institution, ensuring a structured and transparent process. The reserve price for the property is set at INR 2,76,00,000.00, requiring an Earnest Money Deposit (EMD) of INR 27,60,000.00 for participation. The e-auction is scheduled for July 23, 2025, from 11:00 AM to 01:00 PM, with the crucial application submission deadline on July 22, 2025, by 05:00 PM. All interested parties are strongly advised to conduct thorough due diligence, including a physical inspection of the property and a detailed review of the official sale notice available via the provided URL. For further clarifications and assistance, potential bidders can contact the designated officials, Mr. V.P. Balaji or Mr. S. Nagarajan, at the specified mobile numbers. Understanding the SARFAESI act and consulting legal counsel before bidding is highly recommended for a smooth acquisition process.

Borrower Name:MR. MANI PRAKASH

Auction Type:SARFAESI Auction

Contact Details

Contact person: Mr. V.P. Balaji / Mr. S. Nagarajan 9445948890/9791899777

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