📢 Bank E-Auction Property Notice 📢

🏖️ Premium 4 BHK Beachside Duplex Villa for Sale in Muttukadu, ECR

A luxury investment opportunity to acquire an expansive coastal property through a bank foreclosure e-auction. Located in the highly prestigious and scenic enclave of Times Square Layout in Muttukadu along the East Coast Road, this duplex villa offers an elite coastal lifestyle at a heavily discounted market price.

📌 Property Details

📍 Location: Villa No. 12A, Times Square Layout, Muttukadu, East Coast Road (ECR), Chennai

🏗️ Property Type: 4 BHK Luxury Duplex Villa

📐 Built-up Area: 3600 sq. ft.

🌾 Undivided Share (UDS): 5138 sq. ft. of premium land

🧭 Facing: East-facing

🌊 Coastal Proximity: Located just 500 meters away from the beach

🏊 Premium Amenities: Features access to a swimming pool shared between two villas

⚠️ Possession Status: Part Occupied & Part Vacant (Buyers are advised to conduct independent due diligence regarding legal possession procedures)

💰 Auction Pricing & Financials

📉 Current Auction Price: ₹3,11,00,000 (Reduced from the previous price of ₹3,27,00,000)

💵 Earnest Money Deposit (EMD): ₹31,10,000

📈 Bid Increment: ₹1,00,000

🗓️ Important Auction Schedule

📅 Last Date for EMD Submission: On or before 27/05/2026

🔨 Online Auction Date: 29/05/2026

⚠️ Strict Payment Terms

📝 EMD Payment: Must be deposited on or before 27/05/2026 to successfully participate in the bidding process.

✔️ Initial Payment: 15% of the total winning bid amount must be paid within 24 hours of winning the auction.

✔️ Balance Payment: The remaining 75% of the bid amount must be settled within 15 days.

📍 Prime Neighborhood & Landmarks

🎡 Key Landmark: Situated just 600 meters away from MGM Dizzee World, placing it right in the heart of ECR's premium entertainment and leisure corridor.

📞 Authorized Contact Information This asset recovery process is legally authorized and managed by Chennai Asset Recovery Pvt. Ltd. Please reach out through the official channels below for legal documentation review, site identification guidelines, and auction registration assistance:

📱 Mobile: +91 90879 41000 | +91 98400 35057 ☎️ Landline: 044-42620608 🌐 Official Website: www.chennaiassetrecovery.com