📢 BANK E-AUCTION PROPERTY FOR SALE 

An excellent investment opportunity to acquire a spacious residential property at a significantly discounted rate. This property is being auctioned by the bank at a newly reduced price, offering direct savings of ₹5 Lakhs from its previous listing.

📍 Prime Location & Connectivity

The property is located at Flat No. F-1, 1st Floor, Vishwamitra Homes Apartment, Plot No. 59, 6th Street, Shanti Niketan Nagar, Varadarajapuram (Mudichur Village). It enjoys excellent transit connectivity, situated just 6.1 Km from Tambaram Railway Station, making it highly accessible for daily commuters.

📐 Spacious Property Specifications

• Configuration: 2 BHK Residential Apartment on the preferred 1st Floor of a G+3 building structure.

• Size: Generous 1,350 Sq.ft of Built-up Area with a substantial 500 Sq.ft of Undivided Share (UDS) out of a 3,000 Sq.ft total land extent.

• Orientation & Age: Premium North-facing unit, approximately 9 years old, situated on a wide, highly accessible 30-foot road.

• Key Amenities: Equipped with a passenger lift and dedicated Covered Car Parking.

⚠️ Important Purchase Condition

Please note that the property is being auctioned under "Possession Occupied" status on an "as-is, where-is" basis.

💰 Attractive Pricing & Bidding Rules

• New Reserve Price: ₹43,00,000 (Successfully reduced from the old price of ₹48,00,000)

• Earnest Money Deposit (EMD): ₹4,30,000 (10% of the reserve price)

• Bid Increment: ₹50,000

⏳ Crucial Auction Timeline (July 2026)

• Last Date for EMD Submission: 22nd July 2026

• Auction Date: 23rd July 2026

• Payment Post-Win: The successful bidder must pay 15% of the winning bid within 24 hours of auction completion, and the final 75% balance within 15 days.

📞 For Official Inquiries & Due Diligence, Contact:

Authorized Agency: Chennai Asset Recovery Pvt. Ltd.

📱 Mobile: +91 90879 41000 | +91 98400 35057

☎️ Landline: 044-42620608