1618.75 Square Feet Plot for Sale in Erode Auction - 147574663

Procurement Summary

State: Tamil Nadu

Summary: 1618.75 Square Feet Plot for Sale in Erode

Deadline: 19 Aug 2026

Posting Date: 20 Aug 2026

Other Information

Notice Type: Auction

TOT Ref.No.: 147574663

Document Ref. No.: IOBARAKSHITHA01

Financier: Self Financed

Purchaser Ownership: Public

Document Fees: Refer Document

Tender Value: ₹ 13000000

EMD: ₹ 1256000.00

Purchaser's Detail

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Tender Details

1618.75 square feet Plot for sale in Erode

Auction ID : 338576
Auction ID338576

Customer ID52450214

Bank Property IDIOBARAKSHITHA01

BranchSPECIALISED ARM BRANCH, COIMBATORE-1551

Officer, DesignationRakesh Mistri-Chief Manager

BankIndian Overseas Bank

Property TypeResidential

Property Sub TypePlot

Borrower's NameRakshitha Textiles

Registered Address of BorrowerRepresented by Mrs.Umamaheswari, W/o- P S Sathish Kumar, No. 37, Chokkanatha Street, Erode-638001, Tamilnadu

Type of ActionUnder SARFAESI

Inspection Date & Time From: 01-08-2026 16:00

Inspection Date & Time To: 18-08-2026 18:00

Dealing Officer Name, Designation: Mukesh Kumar

Mobile No.: 7890715331

Branch Address: 11/952, FIRST FLOOR, CROSS CUT ROAD, GANDHIPURAM, COIMBATORE

Carpet Area 1618.75 sq feet

Possession TypeSymbolic

Reserve price1.3 Cr

EMD Amount₹12, 56, 000.00

EMD End Date & Time18-08-2026 22:00

Auction Start Date & Time19-08-2026 10:30

Auction End Date & Time19-08-2026 13:30

Reserve price: ₹1, 25, 60, 000.00

EMD: ₹12, 56, 000.00

Increment Price: ₹1, 00, 000.00

Increment Price During Extension: ₹1, 00, 000.00

Extend Time When Valid Bid Received in Last(In Minutes): 10

Extend Time By (In Minutes): 10

Property Type: Residential

Property Sub Type: Plot

Possession Type: Symbolic

Property Address: Vacant land with extent of 1618.75 Sq. Ft. at Erode Registration District, Erode, Sub RD, Old TS No. 78, 79, New T.S. No. 37, Sub Division S.F. No. 37/1A1, Ward A, Block No.13, Nalli Hospital Road, (Municipal Colony Road), Opposite Road of Erode Bus Stand, Mettur Road, Erode-638001 in the name of Mr. M P Sakthivel, S/o Mr. K M Panneerselvam. Boundaries: North of: 30 feet width East-west road. East of : 10 feet width North South common way. South of: Property belongs to Mrs. P Rajamani West of : Property belongs to Dr. Soundarapandiyan Measuring East west on the North side 35’3’’ East west on the South side 31’ North south on the east side 48.10-1/2 feet North south on the west side 48.10-1...

Documents

 Tender Notice