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Land SARFAESI Auction

6.61 cent Land for Auction in Erode – Encore ARC

Erode, Tamil Nadu · Auction ID #114201

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Land for auction in Erode – Encore ARCRepresentative image – no photo published by the bank
Reserve Price ₹65,50,000
EMD (Earnest Money)₹6,55,000
Bid Increment₹50,000
Auction Date 11 Dec 2026, 11:00 AM In 31 days
EMD Last Date 10 Dec 2026, 03:00 PM In 30 days
Area6.61 cent
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Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
6.61 cent (≈ 2,879 sq ft)
Reserve price / sq ft
₹2,275
Locality
—
City
Erode

Description (as per sale notice)

All That Piece And Parcel Of Property In Erode District Erode R.D., Aval Poondurai Sub R.D., Modakkurichi Taluk, Old Village No.045, Present S.No.011, Nanjaioothukkuli Village, "A"- Village, Old Ka.S.No. 660/3, As Per The Re.S.No.660/3 As Per The Present Sub-Division In Re.S.No.660/3B, Na.Punjai Hector 2.67.5.,Punjai Acre 6.61 Cents Asst.Rs.3.70., In Patta No.1440 (As Per Sub Division R.S.No.660/3B1), South Of The East-West Panchayat Road Situated In Re.S.Nos.662, 663, North Of The Land Situated In Re.S.No.658, East Of The Western Side Part Of Land Punjai Acre 5.49 Cents Of Land Belonged To R.Thialgavathi, West Of The Eastern Side Part Of Land Punjai Acre 4.05 Cents Of Land Situated In S.No.660/3C And Re.S.No.660/4 And Belonged To R.Thialgavathi Out Of This Land With Extent Of Punjai Hector 2.67.5., (Punjai Acre 6.61 Cents) Of Land As The Above Lands Are Comprised Into House Plots Namely "Smart City" In DTCP Approval No.66/2017 And Out Of Those Plots In One Such Plot No.56 With An Extent Of 1800 Sq. Feet, Of Land Is Related To This Description. The Boundaries And Measurements For The Same Are:- East: Plot No. 57, West: Plot Nos. 54 & 55, North: Land Belonged To Park & South: 30 Feet East-West Lay-Out Road (Within The Above Boundaries Are Measuring Are:- East-West Both Sides 30 Feet, North-South Both Sides 60 Feet As Totally 1800 Sq. Feet Of Land In Full With All Pathway Rights And Easement Rights Annexed Thereto. The Above Described Property Situated At Nanjaiuoothukuli Village Panchayat In Modakurichi Union)
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Bank & Auction Details

Branch
EARC-EOT-001-TRUST
Auction type
SARFAESI Auction
Borrower
Mr. R***** A*****
Auction start
11 Dec 2026, 11:00 AM
Auction end
11 Dec 2026, 01:00 PM
EMD submission deadline
10 Dec 2026, 03:00 PM
Inspection
20 Nov 2026, 10:00 AM – 20 Nov 2026, 03:00 PM
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
View official sale notice
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Price Check

This listing's reserve price works out to ₹2,275 per sq ft. The average across land & agricultural bank auctions in Erode on our site is ₹1,298 per sq ft, so this one is 75% above 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 (open notice).
  2. Inspect the property on 20 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹6,55,000 before 10 Dec 2026, 03:00 PM. It is refunded if you don't win.
  5. Bid online on 11 Dec 2026 starting above the reserve price, in multiples of ₹50,000.
  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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Encore Asset Reconstruction Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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