3,915 sq feet Commercial Building for Auction in Bhavani, Erode – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

3,915 sq feet (≈ 3,915 sq ft)

Reserve price / sq ft

₹1,992

Locality

Bhavani

City

Erode

State

Tamil Nadu

Pincode

638301

Address

Bhavani, Tamil Nadu, 638301 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALISED ARM BRANCH, TIRUCHIRAPPALLI

Auction type

SARFAESI Auction

Borrower

SREE B***** E*****

Auction start

25 Nov 2026, 12:30 PM

Auction end

25 Nov 2026, 01:30 PM

EMD submission deadline

24 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

ASURI GEETHAKRSHNA

Officer contact

9751432017

E-auction portal

BAANKNET (Property ID CNRBBALAJIENGG)

Price Check

This listing's reserve price works out to ₹1,992 per sq ft. The average across commercial bank auctions in Erode on our site is ₹2,110 per sq ft, so this one is 6% 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.

Previous Auctions of This Property

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 CNRBBALAJIENGG)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 24 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 25 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.