Auction in 2 days
Flat in Ponneri, Tamil Nadu (bank auction)
About this property
This is a 641 sq ft flat in Ponneri, Tamil Nadu. Possession is physical: the bank holds the property and can hand it over.
The reserve price, the lowest price at which the bank will sell, is ₹33,25,000 (₹33.25 L). To bid you first pay an earnest money deposit (EMD) of ₹3,32,500 (about 10% of the reserve price). Each new bid must be at least ₹25,000 higher than the last. The e-auction is on 18 November 2026 from 11:00 AM to 4:00 PM IST on baanknet.com. The property can be inspected: 13 November 2026, 11 am to 4 pm.
Property description
Residential apartment No. 1001 on the 10th floor of Tower A4 in Phase 1 of the Arete Homes project, carpet area 641 sq ft, with an appurtenant exclusive balcony or open terrace of 56 sq ft and one covered reserved car park, and a 286 sq ft undivided share of the land. The project land measures about 6,56,671 sq ft in S. Nos. 22/1A, 22/1B, 22/1C, 22/1D (part), 22/1E (part), 23/2, 23/3A, 23/3B, 23/3C, 23/4A, 23/4B, 23/5A1, 23/5A2, 23/5B, 23/5C, 23/6, 24/1, 24/2A (part), 24/4A1, 24/4A2, 24/4A3 (part), 24/4A5 (part), 25/2 (part), 26/1A (part), 26/2A, 26/2B (part) and 26/2C, Thatchur / Peruncheri Village, Ponneri Taluk, Tiruvallur District, in the Chennai North registration district and Ponneri sub-registry. The bank holds physical possession; no encumbrances are known to the bank.
Boundaries
North by: Lands in S. Nos. 23/1, 11, 26 (part) and 22/1B, South by: Ponneri Road, link road and OSR area, East by: Link road and OSR area, lands in S. Nos. 11 (part), 26/2D and 26/2E, West by: Link road and lands in S. No. 21.
Auction details
- Reserve price
- ₹33,25,000 (₹33.25 L)
- EMD (earnest money deposit)
- ₹3,32,500
- Bid increment
- ₹25,000
- Auction starts
- 18 Nov 2026, 11:00 AM IST
- Auction ends
- 18 Nov 2026, 4:00 PM IST
- Inspection
- 13 November 2026, 11 am to 4 pm
- Property type
- Flat
- Area
- 641 sq ft
- Possession
- Physical
- Location
- Ponneri, Tamil Nadu
- PIN code
- 601204
- Reference
- LA-5231
Auction starts in 4 days.
Before you bid
- Inspect the property on the inspection date.
- Check title, dues and encumbrances: the sale is “as is, where is”.
- Pay the EMD before the deadline and register on the e-auction website.
- Read the bank’s sale notice and its terms in full.
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