1,411.65 sq feet Flat for Auction in Coimbatore – Indian Bank

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

1,411.65 sq feet (≈ 1,411 sq ft)

Reserve price / sq ft

₹4,139

Locality

—

City

Coimbatore

State

Tamil Nadu

Pincode

641045

Address

Coimbatore, Tamil Nadu, 641045 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

SAM LARGE CHENNAI - 1526

Auction type

SARFAESI Auction

Borrower

M BY s P***** C***** P** L**

Auction start

27 Nov 2026, 11:00 AM

Auction end

27 Nov 2026, 04:00 PM

EMD submission deadline

27 Nov 2026, 04:00 PM

Inspection

18 Nov 2026, 10:00 AM – 19 Nov 2026, 04:00 PM

Authorised officer

SENDRAYAL SELVI SENTHIL

Officer contact

9840287953

E-auction portal

BAANKNET (Property ID IDIB6676095887)

Price Check

This listing's reserve price works out to ₹4,139 per sq ft. The average across residential bank auctions in Coimbatore on our site is ₹3,344 per sq ft, so this one is 24% 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.
2. Inspect the property on 18 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB6676095887)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 27 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.