📢 Bank E-Auction Sale Notice: Two Spacious 3 BHK Apartments in Ambattur
An exceptional opportunity for homebuyers and property investors to acquire premium residential spaces via bank foreclosure e-auction. Located in the highly accessible and well-developed residential neighborhood of Gnanamoorthy Nagar, Ambattur, this G+3 structural building houses two independent, spacious 3 BHK apartments up for bidding at deeply discounted rates.
📍 Location & Shared Building Highlights
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Address: No. 446, Sundaresan Street, Gnanamoorthy Nagar, Ambattur, Chennai.
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Building Structure: Ground + 3 Floors (G+3)
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Building Age: ~12 Years Old (Approx.)
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Road Width: 24-foot wide approach road.
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Elevator: Lift facility available.
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Possession Status: Vacant (Ready for immediate handover post-auction clearance).
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Prime Landmark: Positioned just 2 km from the Ambattur OT Bus Stand, offering seamless transit and close proximity to local markets, schools, and train stations.
🏢 Detailed Breakdown of the 2 Properties Available
Property 1: First Floor Apartment (Flat No. F-2)
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Configuration: 3 BHK
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Built-up Area: 1,450 sq. ft.
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Undivided Share (UDS): 538 sq. ft.
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Facing: South-facing
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Parking: Covered Car Parking
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📉 New Reserve Price: ₹65,00,000 (Reduced from Old Price: ₹72,00,000)
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💵 Earnest Money Deposit (EMD): ₹6,50,000
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📈 Bid Increment: ₹50,000
Property 2: Second Floor Apartment (Flat No. S-2)
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Configuration: 3 BHK
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Built-up Area: 1,450 sq. ft.
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Undivided Share (UDS): 460 sq. ft.
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Facing: East-facing
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Parking: Covered Car Parking
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📉 New Reserve Price: ₹63,00,000 (Reduced from Old Price: ₹70,00,000)
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💵 Earnest Money Deposit (EMD): ₹6,30,000
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📈 Bid Increment: ₹50,000
🗓️ Important Auction Schedule
⚠️ Strict Payment Terms
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📝 EMD Requirement: The respective property's EMD amount must be paid on or before June 1, 2026, to be eligible to participate in the bidding process.
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✔️ Initial Payment: 15% of the final successful bid amount must be deposited within 24 hours of winning the auction.
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✔️ Balance Payment: The remaining 75% of the total bid value must be cleared within 15 days.
📞 Authorized Contact & Verification
This asset recovery process is legally authorized and facilitated by Chennai Asset Recovery Pvt. Ltd. Please reach out for site inspections, legal documentation reviews, and auction enrollment assistance:
