Plot for Auction Prashanthi Nagar Chennai 49.7 Lakh by Indian Bank
Prashanthi Nagar, Chennai
Area: 4800 sq. ft.
Plot No.274 (Southern site & Northern site), Prashanthi Nagar - Phase I, Irungattukottai Village, Sriperumbudur Taluk, Kancheepuram District
Indian Bank · Zonal Office
Reserve price
₹49,70,000
EMD ₹4,97,000
Auction date
25 Sep 2026, 10:00 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 4800 sq. ft.
- ▸Locality: Prashanthi Nagar
- ▸Reserve: ₹49,70,000
- ▸EMD: ₹4,97,000
Auction snapshot
| Possession | Physical |
| Property type | Plot · Residential |
| Locality | Prashanthi Nagar |
| Built-up / plot area | 4800 sq. ft. |
| Lender | Indian Bank |
| Branch | Zonal Office |
| Unit / flat no. | Plot No. 274 |
| Building / society | Prashanthi Nagar - Phase I |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Prashanthi Nagar, Chennai by Indian Bank — reserve price ₹49,70,000, 4800 sq. ft., Physical possession.
Participate in the bank auction for a prime residential plot located in Prashanthi Nagar, Phase I, Irungattukottai, Sriperumbudur, Chennai. This bank auction property comprises two plots (Plot No. 274) totaling 4800 sq. ft. situated in a DTCP-approved layout. The property is offered with physical possession, ensuring a secure transaction for investors. Ideally located in the growing industrial and residential corridor of Sriperumbudur, this land is an excellent opportunity for both individual house construction and long-term investment. With a reserve price of ₹49.70 Lakhs and a transparent e-auction process managed by Indian Bank, this plot offers significant potential. Interested buyers should complete their EMD submission by 25th September 2026. Don't miss this chance to acquire clear-titled land in a well-planned layout in Chennai.
GeoSquare note: This property is a strong investment choice due to its DTCP-approved status, generous 4800 sq. ft. area, and the bank-confirmed physical possession status. Located in the developing Sriperumbudur corridor, it offers great potential for future appreciation, making the ₹49.70 Lakhs reserve price highly competitive.
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