A 2nd floor flat in Madipakkam, Chennai, Tamil Nadu, listed by Mahindra & Mahindra Financial Services Limited under the SARFAESI Act, 2002.
Registration closed on 29 Oct 2026, 5:00 PM IST. Reserve ₹43 L, EMD ₹4.30 L.
First seen · Source: Mahindra & Mahindra Financial Services listing on bankeauctions.com
Compiled from Mahindra & Mahindra Financial Services Limited’s listing 241641 on bankeauctions.com, as BiddingPulse’s records held it on 28 Oct 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
The lowest bid the lender will accept is ₹43,00,000, with a ₹4,30,000 EMD due by 29 Oct 2026, 5:00 PM IST.
The listing’s reserve, EMD and deadline, the property as the listing describes it, and what the SARFAESI sale rules require after the auction. BiddingPulse reads the sale notice only for the type of possession; dues are for you to check there. Names of borrowers and other people are left out.
Mahindra & Mahindra Financial Services Limited is selling a 2nd floor flat in Madipakkam, Chennai, Tamil Nadu. Its sale notice doesn’t say whether the lender’s possession is physical or symbolic. The property is security for a loan, and the lender is selling it under the SARFAESI Act, 2002, which lets a lender sell a defaulted loan’s security without going to court.
Bidding starts at the reserve price of ₹43,00,000. To take part you pay an earnest-money deposit (EMD) of ₹4,30,000, 10% of the reserve, by 29 Oct 2026, 5:00 PM IST. The online auction is scheduled for 30 Oct 2026, 10:00 AM–4:00 PM IST. Bids rise in steps of ₹25,000, and a late bid extends the auction by 5 minutes, with no limit. Inspection was set for 5 Oct 2026, 11:00 AM IST to 9 Oct 2026, 5:00 PM IST.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
| Stage | Date | What it means | Source |
|---|---|---|---|
| Sale notice published | 21 Sep 2026 | The listing’s press-release date for the lender’s sale notice | Listing 241641 |
| Listing seen | 24 Sep 2026 | First seen on bankeauctions.com | Listing 241641 |
| Inspection | 5 Oct 2026, 11:00 AM IST to 9 Oct 2026, 5:00 PM IST | The window the listing gave to see the property; arrange it with the lender | Listing 241641 |
| Registration and EMD closed | 29 Oct 2026, 5:00 PM IST | Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction | Listing 241641 |
| Online auction | 30 Oct 2026, 10:00 AM–4:00 PM IST | On bankeauctions.com. Bids rise in steps of ₹25,000, and a late bid extends the auction by 5 minutes, with no limit | Listing 241641 |
| 25% of the price | Sale day or next working day | The EMD counts toward it | SARFAESI Rule 9(3) |
| The other 75% | Within 15 days | From the bank’s confirmation of the sale; up to three months if the bank agrees in writing. The sale notice can set an earlier date, such as the 15th day from the auction; confirm the date with the authorised officer. | SARFAESI Rule 9(4) |
| Sale certificate | Once paid in full | Issued by the bank’s authorised officer | SARFAESI Rule 9(6) |
The listing gives the property, the reserve, the EMD and the deadline. Possession, inspection, dues and the exact payment terms are in the lender’s sale notice, so read it before you pay the EMD.
Flat 2C on the 2nd floor, in Plot 621, Ram Nagar, Madipakkam, Chennai, Tamil Nadu. Its super built-up area is 675 sq ft, about 62.7 sq m. It comes with an undivided share of 452 sq ft of the land under the building, and with a parking space. It is recorded under old survey No. 1, survey No. 114/1A1B, and new survey Nos. 114/36A and 115/60A.
A survey number identifies the land in the revenue map; where the description gives an old and a new one, both are the same land under the old and new surveys. A super built-up area adds a share of the building’s common areas, so the flat itself is smaller.
The listing sets no category of bidder. Bidding needs registration on bankeauctions.com with KYC documents and the EMD paid before the deadline, as the sale notice says. Registering or paying does not by itself make you eligible: the sale notice sets who may bid and on what terms, and BiddingPulse has not checked it for this listing.
The lender’s sale notice doesn’t say whether its possession is physical or symbolic. The listing set inspection for 5 Oct 2026, 11:00 AM IST to 9 Oct 2026, 5:00 PM IST. Symbolic possession can leave an occupant in place. Ask Mahindra & Mahindra Financial Services’s authorised officer before you pay the EMD.
None in the listing. Unpaid property tax, society maintenance, electricity or water charges, and any other claim on the property can pass to the buyer. Ask the authorised officer in writing what the lender knows of, and check the sale notice.
25% of the price, EMD included, on the sale day or the next working day, then the other 75% within 15 days of the bank confirming the sale; the bank can agree in writing to up to three months. The sale notice can set an earlier date, such as the 15th day from the auction; confirm the date with the authorised officer. The sale certificate follows full payment. Stamp duty and registration are extra and usually the buyer’s.
Bank sales are usually “as is where is”, with no recourse for defects found later. Under the sale rules a buyer who misses a payment loses the deposit already paid. The sale notice states the terms that apply.
Check the reserve, EMD, dates and terms on the lender’s listing before you act. Bid on bankeauctions.com, and register and pay the EMD as the sale notice says: online for some lenders, by demand draft at a branch for others.
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