🏦 BANK E-AUCTION PROPERTY

📍 Location: Madipakkam
📌 Address: Ram Kumar Street, North Ram Nagar

🏢 Property Type: Residential Apartment (Gowtham Flats)

This is a 2 BHK residential apartment located on the 1st floor of Gowtham Flats. The building is in a demolished condition. The property has a UDS of 479 sq.ft. and an approximate built-up area of 775 sq.ft. The apartment is south-facing and is situated in a G+1 building with bike parking and 30-ft road access. The property is under occupied possession.

💰 Auction Details:
🔹 Reserve Price: ₹38,00,000 (Reduced from ₹41,50,000)
🔹 EMD: ₹3,80,000
🔹 Bid Increment: ₹50,000

📅 Important Dates:
📝 Last Date for EMD: 24/07/2026
🔨 E-Auction Date: 27/07/2026

📌 Payment Terms:
✔️ EMD must be paid on or before 24/07/2026.
✔️ 15% of the successful bid amount is payable on the auction date.
✔️ The remaining 75% must be paid within the next 15 days.

📍 Nearby Landmark: Dr. Kennedys Saraswathy Multispeciality Hospital is approximately 1.4 km from the property.

📞 For Property Inspection & Auction Assistance:

🏢 Chennai Asset Recovery Pvt. Ltd.
📱 90879 41000 | 98400 35057
☎️ 044-42620608