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2.5 acre Land for Auction in Erode – Religare

Erode, Tamil Nadu · Auction ID #96988

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Land for auction in Erode – ReligareRepresentative image – no photo published by the bank
Reserve Price ₹12,98,34,272 7.5% lower than previous auction (₹14.04 Cr)
EMD (Earnest Money)₹1,29,83,427
Bid Increment₹5,00,000
Auction Date 13 Nov 2026, 10:30 AM In 3 days
EMD Last Date 12 Nov 2026, 05:00 PM In 2 days
Area2.5 acre
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Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
2.5 acre (≈ 1,08,900 sq ft)
Reserve price / sq ft
₹1,192
Locality
—
City
Erode

Description (as per sale notice)

Property 1 Erode Registration District, Gobichettipalayam Joint 1 Sub Registration District, Gobichettipalayam Taluk, Pariyur Village, Periyakoraithottam, Old S.No.98 as per New S.No.94 Punjai hectare 6.43.5, the Patta No.7 in this for an extent of 2.50 acre of land, well portion and other easement rights of the property boundaries as, East by: Cart Track Southern North side land owned by P.A.Palanisamy, West by: Land owned by Chinnasamy, Arumugam Family, South by: Rajapandian's Land, North by: Land Owned by P.A.Palanisamy. Measuring 2.50 Acre Property 2: Erode Registration District, Gobichettipalayam Joint 1 Sub Registration District, Gobichettipalayam Taluk, Pariyur Village, Periyakoraithottam, Old S.No.98 as per New S.No.94 Punjai hectare 6.43.5, and New S.No.91/2 punjai hectare 0.98.5 are totally punjai hectare 7.42.0 patta No.7 and 157 in this for an extent of 2.50 Acre of land, and well portion along with 5 HP electric pump set and other easement rights of property boundaries as. East: Rest of the landed properties belonging to seller, West: Land belonging to Rasappammaniyakarar, Andavar and others, South Land belonging to victor Rajapandiayan, North: Land belonging to Ennamangalam Ponnusamy Goundar and Kugalur Vishugoundar and other. Measuring 2.50 Acre Property 3 Erode Registration District, Gobichettipalayam Joint 1 Sub Registration District, Gobichettipalayam Taluk, Pariyur village, Periyakoraithottam, Old S.No.98 as per New S.No.94 Punjai hectare 6.43.5, the Patta No.7 in this for an extent of 3.00 acre of land, well portion along with 5 HP electric pump set and other easement rights of the property boundaries as, East of: Chinnusamy, Arumugam and others property, West of: Remaining property of Palanisamy, South of: Mohanasundaram and Soundharajan property, North of: Shanmugam and others property. Measuring 3.00 acres Totally three item properties measuring 8.00 acre.
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Bank & Auction Details

Bank / Lender
Religare Finvest
Branch
Religare Finvest Limited, Noida - BO
Auction type
SARFAESI Auction
Borrower
St. P**** E***** A** C***** T****
Auction start
13 Nov 2026, 10:30 AM
Auction end
13 Nov 2026, 11:30 AM
EMD submission deadline
12 Nov 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
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Price Check

This listing's reserve price works out to ₹1,192 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 8% 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

Auction dateReserve price
13 Nov 2026₹12,98,34,272This auction
06 Oct 2026₹14,03,61,375View

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 (C1 India), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹1,29,83,427 before 12 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 13 Nov 2026 starting above the reserve price, in multiples of ₹5,00,000.
  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.

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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 Religare Finvest. Always verify every detail with the official notice and the authorised officer before paying any money.

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