908 sq ft Commercial Building for Auction in Coimbatore – KVB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

908 sq ft

Reserve price / sq ft

₹6,388

Locality

—

City

Coimbatore

State

Tamil Nadu

Pincode

117473

Address

Property No: 2 SCHEDULE "A" In Coimbatore District, Coimbatore Registration District, Coimbatore Sub Registration District, Coimbatore Taluk, site No.21, Block B, Old Ward 8, New ward 19, T.S.No.8/483 in Lokmanya Street, R.S.Puram, Thadagam Extenstion, bounded on the North by-30 feet road, South by-Site No.11, West by-Site No.20 and East by-Site No.22, East west 45' North South 117'6' in all 5292 sq.ft., within the sub registration District of Comibatore (Joint 1) and Registration District of Coimbatore. SCHEDULE "B" "360" Sq.ft., of undivided fractional share and interest in all the pieces and parcels of sites described in schedules "A" above. SCHEDULE "C" Shop/office/Residential/apartment/Garage No- on the First Floor Ram Seethe, a south facing flat measuring 908 sq.ft., (As per Construction Agreement) of the Multi storyed building to the know as "Rock Castle" along with doors and windows, electricity service connections and with all amenities therein. The building is now assigned door No.48 E, Lokmany street, R.S Puram, Coimbatore. (Including Proportionate share of common areas). Door No.48 E. Logamanya Street west. Property tax Assesement No. 162/024/01399 and Old No.162/117473 Electricity service Connection No.03002005650. The property is situated in New T.S.No.464,T.S.Ward no Ward-H Coimbatore old Town and Village, Block No.13. The property situated within the limits of Coimbatore corporation. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Madurai Main

Auction type

SARFAESI Auction

Borrower

M/s D***** I*****

Auction start

30 Sep 2026, 11:00 AM

Auction end

30 Sep 2026, 12:00 PM

EMD submission deadline

29 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2373850

Price Check

This listing's reserve price works out to ₹6,388 per sq ft. The average across commercial bank auctions in Coimbatore on our site is ₹2,900 per sq ft, so this one is 120% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2373850), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,80,000 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 2026 starting above the reserve price, in multiples of ₹1,00,000.
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.