Land and Building for Auction Bharath Nagar Erumapalayam Village Salem 1.3 Crore by Repco Home Finance Limited 21 Jul 2026
Bharath Nagar, Erumapalayam Village, Salem
Area: 1021.5 Sq.ft.
Door No 4/599/A, House Plot No.5, Ward No.4, Bharath Nagar, Erumapalayam Village, Salem Taluk
Repco Home Finance Limited · Salem : Branch
Reserve price
₹1,26,15,000
EMD ₹12,61,500
Auction date
21 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1021.5 Sq.ft.
- ▸Locality: Bharath Nagar, Erumapalayam Village
- ▸Reserve: ₹1,26,15,000
- ▸EMD: ₹12,61,500
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Bharath Nagar, Erumapalayam Village |
| Built-up / plot area | 1021.5 Sq.ft. |
| Lender | Repco Home Finance Limited |
| Branch | Salem : Branch |
| Unit / flat no. | House Plot No.5 |
| Floor | Ground Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹75,000 |
| Service provider | bankauctions.in |
About this property
Land And Building bank auction in Bharath Nagar, Erumapalayam Village, Salem by Repco Home Finance Limited — reserve price ₹1,26,15,000, 1021.5 Sq.ft., Symbolic possession.
Discover a prime residential bank auction property in Bharath Nagar, Erumapalayam Village, Salem, Tamil Nadu, presented by Repco Home Finance Limited. This auction features House Plot No.5, measuring approximately 1021.5 Sq.ft., complete with an RCC Terraced Building on the Ground Floor (totaling 95 Sq.Mtrs of built-up area). The property is ideally located in Ward No.4 with good connectivity, accessible via Erumapalayam Main Road. Bidding starts at a competitive reserve price of ₹1,26,15,000, with an EMD of ₹1,261,500. The e-auction is scheduled for July 21, 2026, offering a significant investment opportunity in Salem's real estate market. Property available on 'As is where is' and 'As is what is' basis with symbolic possession, making it a valuable bank auction property for sale.
GeoSquare note: This land and building property in Bharath Nagar, Erumapalayam, Salem, offers a strong investment opportunity due to its residential nature and prime locality. While possession is symbolic, the competitive reserve price and clear auction details make it attractive. The property is well-located with good connectivity, ideal for end-users or investors seeking value in Salem's growing real estate market.
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