House for Auction Nanjai Uthukuli Village B Erode 2.1 Crore by State Bank of India 16 Jul 2026
Nanjai Uthukuli Village-B, Erode
Area: 3534 Square feet
Site Nos. 20 & 23, NILA GARDEN Layout, S.F.No.373/2A7C, Nanjai Uthukuli Village-B, Modakurichi Taluk, Avalpoondurai Sub-Registration District, Erode Registration District, Tamil Nadu
State Bank of India · Stressed Assets Management Branch
Reserve price
₹2,12,00,000
EMD ₹21,20,000
Auction date
16 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 3534 Square feet
- ▸Locality: Nanjai Uthukuli Village-B
- ▸Reserve: ₹2,12,00,000
- ▸EMD: ₹21,20,000
Auction snapshot
| Possession | Symbolic |
| Property type | House · Residential |
| Locality | Nanjai Uthukuli Village-B |
| Built-up / plot area | 3534 Square feet |
| Lender | State Bank of India |
| Branch | Stressed Assets Management Branch |
| Unit / flat no. | Site Nos. 20 & 23 |
| Building / society | NILA GARDEN |
| Floor | Ground, First & Second Floor (Proposed Building) |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | BAANKNET |
About this property
House bank auction in Nanjai Uthukuli Village-B, Erode by State Bank of India — reserve price ₹2,12,00,000, 3534 Square feet, Symbolic possession.
Discover a promising bank auction property: a 3534 sq ft residential house site with an incomplete RCC Ground, First & Second Floor building, located in the well-planned NILA GARDEN layout, Nanjai Uthukuli Village-B, Modakurichi Taluk, Erode, Tamil Nadu. This is an excellent opportunity to acquire a spacious plot in a developing area. The property, offered by State Bank of India, has a reserve price of ₹21,200,000.0 with an EMD of ₹2,120,000.0. The e-auction is scheduled for July 16, 2026. With symbolic possession and no known encumbrances, this bank auction property offers significant investment potential for builders or individuals looking to customize their dream home in Erode.
GeoSquare note: This property is a strong buy due to its substantial size (3534 sq ft) and location within a named layout, NILA GARDEN, in Erode, a growing city. The presence of an incomplete RCC building adds significant value as a foundation for future construction. While the price range is moderate, the symbolic possession and 'Nil' encumbrance status reduce potential risks, making it an attractive investment for those willing to complete the construction.
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