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📢 Bank E-Auction Property Notice 📢
🏡 Premium 1 BHK Residential Apartment for Sale in Kundrathur
An incredible investment opportunity to purchase a recently built residential apartment via a bank foreclosure e-auction. Located in the rapidly growing suburban area of Kundrathur, Chennai, this property is now available at a heavily discounted price compared to its previous auction cycle.
📌 Property Details
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📍 Location: Plot No. 173, Manikandan Nagar Extension, Kollachery, Kundrathur, Chennai
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🏢 Structure: Flat No. G-1, Ground Floor (In a G+2 Building)
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📐 Built-up Area: 688 sq. ft.
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🌾 Undivided Share (UDS): 201 sq. ft.
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🏗️ Age of Building: ~3 Years Old (Approx.)
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🧭 Facing: North-facing
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🛣️ Road Width: 20 feet wide road fronting the property
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🏍️ Parking: Dedicated bike parking space
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🔑 Possession Status: Vacant (Ready for immediate possession post-clearance)
💰 Auction Pricing & Financials
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📉 New Reserve Price: ₹29,71,000 (Reduced from the Old Price of ₹33,01,000)
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💵 Earnest Money Deposit (EMD): ₹2,97,000
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📈 Bid Increment: ₹50,000
🗓️ Important Auction Schedule
⚠️ Strict Payment Terms
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📝 EMD Payment: Must be deposited on or before 25/05/2026 to successfully participate in the bidding process.
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✔️ Initial Payment: 15% of the total winning bid amount must be paid within 24 hours of winning the auction.
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✔️ Balance Payment: The remaining 75% of the bid amount must be settled within 15 days.
📍 Prime Neighborhood & Landmarks
📞 Authorized Contact Information
This auction is authorized and managed by Chennai Asset Recovery Pvt. Ltd. Please reach out through the official channels below for site visits, documentation guidelines, and bidding assistance:
