Industrial Shed in Coimbatore, Tamil Nadu (bank auction)
About this property
This is a 2,420 sq ft industrial shed in Coimbatore, Tamil Nadu. Possession is symbolic: the bank has legal possession, but someone may still be occupying the property, which can delay handover.
The reserve price, the lowest price at which the bank will sell, is ₹92,00,000 (₹92 L). To bid you first pay an earnest money deposit (EMD) of ₹9,20,000 (about 10% of the reserve price). Each new bid must be at least ₹25,000 higher than the last. The e-auction is on 20 November 2026 from 11:00 AM to 4:00 PM IST on baanknet.com.
Property description
2,420 sq ft (5 cents and 242 sq ft, about 5.55 cents) of land with an AC-sheet shed and a portion of a building, part of 0.56 acre in the western portion of 1.64 acres in S.F. No. 211/1, Ramanathapuram Village, Coimbatore Taluk, in the Peelamedu sub-registry, Coimbatore registration district, with the right to use the common layout roads. Door No. 211/1, Nethaji Nagar; tax assessment No. 204742; electricity service connection No. 046-004-1098; within Coimbatore Corporation limits. Measurements: northern and southern sides east-west 47 ft each; eastern side north-south 49.5 ft, western side north-south 53.5 ft. The RCC ground floor and GI-sheet first floor industrial shed building (890 sq ft) stands partly on this land and partly on the adjoining land of the mortgagor's father. Encumbrances: nil. Symbolic possession.
Boundaries
North by: East-west road, South by: Land in S.F. No. 210/2, East by: Property of another owner, West by: Vacant land.
Auction details
- Reserve price
- ₹92,00,000 (₹92 L)
- EMD (earnest money deposit)
- ₹9,20,000
- Bid increment
- ₹25,000
- Auction starts
- 20 Nov 2026, 11:00 AM IST
- Auction ends
- 20 Nov 2026, 4:00 PM IST
- Property type
- Industrial Shed
- Area
- 2,420 sq ft
- Possession
- Symbolic
- Location
- Coimbatore, Tamil Nadu
- PIN code
- 641036
- Reference
- LA-3781
Auction starts in 6 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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