House for Auction Ocean Avenue Vellalapalayam Erode 19.7 Lakh by Tata Capital Housing Finance Ltd 28 Jul 2026
Ocean Avenue, Vellalapalayam, Erode
Area: 1578.5 sq. feet
House Site No. 43, 44 & 45, Ocean Avenue, Vellalapalayam Village, Gobichettipalayam Taluk, Erode District, Tamil Nadu
Tata Capital Housing Finance Ltd · Chennai
Reserve price
₹19,73,000
EMD ₹1,97,300
Auction date
28 Jul 2026, 02:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 1578.5 sq. feet
- ▸Locality: Ocean Avenue, Vellalapalayam
- ▸Reserve: ₹19,73,000
- ▸EMD: ₹1,97,300
Auction snapshot
| Possession | Physical |
| Property type | House · Residential |
| Locality | Ocean Avenue, Vellalapalayam |
| Built-up / plot area | 1578.5 sq. feet |
| Lender | Tata Capital Housing Finance Ltd |
| Branch | Chennai |
| Unit / flat no. | House Site No. 43, 44 & 45 |
| Building / society | OCEAN AVENUE |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | Auctionbazaar |
About this property
House bank auction in Ocean Avenue, Vellalapalayam, Erode by Tata Capital Housing Finance Ltd — reserve price ₹19,73,000, 1578.5 sq. feet, Physical possession.
Discover a prime bank auction property in Erode, Tamil Nadu. This offering includes three residential house sites (No. 43, 44, 45) totaling 1578.5 sq. ft. within the 'OCEAN AVENUE' layout in Vellalapalayam Village, Gobichettipalayam Taluk. Marketed by Tata Capital Housing Finance Ltd, these residential plots for sale come with physical possession and are available at a competitive reserve price of ₹1,973,000. Potential buyers can participate in the e-auction on July 28, 2026, after depositing an EMD of ₹197,300. An inspection of this Gobichettipalayam property is scheduled for July 20, 2026, offering an excellent opportunity to acquire well-located house sites.
GeoSquare note: This property is a strong buy due to its physical possession status and the offering of three combined house sites (1578.5 sq. ft.) in the 'Ocean Avenue' layout, Gobichettipalayam, Erode. The reserve price of ₹1,973,000 appears reasonable for residential plots in this region, making it an attractive investment opportunity. The clear auction date and inspection schedule further streamline the acquisition process.
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