Shop for Auction Mylapore Chennai 21.9 Lakh by Bank of Maharashtra
Mylapore, Chennai
Area: 166 sq. ft.
Door No.129, Shop No.302, 3rd Floor, Plaza Centre, GN Chetty Road, Mylapore, Chennai-600 006
Bank of Maharashtra · ASSET RECOVERY BRANCH, CHENNAI ZONE
Reserve price
₹21,87,000
EMD ₹2,18,700
Auction date
18 Aug 2026, 01:00 PM
Auction notice
Request the official notice — we share it after verification.
Bid form
Download bid form assistance via our team.
Quick read
- ▸Possession: Symbolic
- ▸Area: 166 sq. ft.
- ▸Locality: Mylapore
- ▸Reserve: ₹21,87,000
- ▸EMD: ₹2,18,700
Auction snapshot
| Possession | Symbolic |
| Property type | Commercial Shop · Commercial |
| Locality | Mylapore |
| Built-up / plot area | 166 sq. ft. |
| Lender | Bank of Maharashtra |
| Branch | ASSET RECOVERY BRANCH, CHENNAI ZONE |
| Unit / flat no. | Shop No. 302 |
| Building / society | PLAZA CENTRE |
| Floor | 3rd Floor |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Commercial Shop bank auction in Mylapore, Chennai by Bank of Maharashtra — reserve price ₹21,87,000, 166 sq. ft., Symbolic possession.
Invest in this prime bank auction property located in the heart of Mylapore, Chennai. This commercial shop for sale, situated on the 3rd floor of the well-known Plaza Centre on GN Chetty Road, offers a built-up area of 166 sq. ft. Ideal for retail or professional office setups, this unit comes with an undivided share of land. The auction, managed by the Bank of Maharashtra, presents a transparent opportunity to acquire commercial real estate at a reserve price of ₹21,87,000. With symbolic possession status and no reported encumbrances, this is a secure investment prospect in one of Chennai’s most established commercial corridors. Interested bidders should note the auction date of 18th August 2026. Don't miss this chance to secure a strategic business location in a high-footfall area.
GeoSquare note: The property is located in a highly sought-after commercial locality in Mylapore, Chennai, making it an excellent investment for rental income or business operations. While the possession is symbolic, the clear title (NIL encumbrance) and affordable reserve price offer strong value. It is a prime opportunity for investors looking to enter the central Chennai commercial real estate market.
Auction assistance
Guided support for notice review, EMD, and bid filing — most Maharashtra buyers choose a package. View detailed plans →
Basic Assistance
₹4,999
Document review, auction calendar alerts, and bid-form checklist.
Standard Assistance
₹14,999
Site visit coordination, legal summary, and end-to-end bid filing support.
Premium Selection
5% of reserve
We shortlist and acquire auction property on your behalf across Maharashtra.