0.38 acres Commercial Building for Auction in Kanjikoil, Erode – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

0.38 acres (≈ 16,552 sq ft)

Reserve price / sq ft

₹790

Locality

Kanjikoil

City

Erode

State

Tamil Nadu

Pincode

638116

Address

Kanjikoil, Tamil Nadu, 638116 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

COIMBATORE SPECIALISED ARM BRANCH

Auction type

SARFAESI Auction

Borrower

MEGA C*** I*****

Auction start

13 Nov 2026, 11:30 AM

Auction end

13 Nov 2026, 12:30 PM

EMD submission deadline

13 Nov 2026, 11:00 AM

Inspection

—

Authorised officer

AJITH KUMAR D

Officer contact

8778857966

E-auction portal

BAANKNET (Property ID CNRB114523433)

Price Check

This listing's reserve price works out to ₹790 per sq ft. The average across commercial bank auctions in Erode on our site is ₹2,110 per sq ft, so this one is 63% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB114523433)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 13 Nov 2026, 11:00 AM. It is refunded if you don't win.
5. Bid online on 13 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.