Land and Building for Auction Nanjai Uthukuli Village B Nila Garden Erode 2.1 Crore by State Bank of India 16 Jul 2026
Nanjai Uthukuli Village 'B', NILA GARDEN, Erode
Area: 3534.0 Square feet
Site Nos 24 & 27, NILA GARDEN, S.F.No.373/2A, Nanjai Uthukuli Village 'B', Modakkurichi Taluk, Avalpoondurai Sub-Registration District, Erode Registration District
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: 3534.0 Square feet
- ▸Locality: Nanjai Uthukuli Village 'B', NILA GARDEN
- ▸Reserve: ₹2,12,00,000
- ▸EMD: ₹21,20,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Nanjai Uthukuli Village 'B', NILA GARDEN |
| Built-up / plot area | 3534.0 Square feet |
| Lender | State Bank of India |
| Branch | Stressed Assets Management Branch |
| Unit / flat no. | Site Nos 24 & 27 |
| Building / society | NILA GARDEN |
| Auction type | SARFAESI Auction |
| Bid increment | ₹5,00,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Nanjai Uthukuli Village 'B', NILA GARDEN, Erode by State Bank of India — reserve price ₹2,12,00,000, 3534.0 Square feet, Symbolic possession.
Discover a prime bank auction property in Erode, Tamil Nadu! This residential plot, Site Nos 24 & 27 within the approved "NILA GARDEN" layout in Nanjai Uthukuli Village 'B', Modakkurichi Taluk, spans 3534 sq. ft. It includes a proposed RCC Ground, First & Second Floor building (construction not completed), offering significant potential for development. Located in the Erode Registration District, this property is being auctioned by State Bank of India with a reserve price of ₹2,12,00,000. The e-auction is scheduled for July 16, 2026, from 11:00 AM to 4:00 PM. Property inspection is available on July 09, 2026. This is an excellent opportunity for investors looking for residential land for sale in a developing area through a transparent bank auction.
GeoSquare note: This property represents a strong buy opportunity, particularly for those looking to invest in residential land with future development potential in Erode. While the possession is symbolic and construction is incomplete, the plot size of 3534 sq. ft. in an approved layout ("NILA GARDEN") offers good value. The location in Modakkurichi, a developing area, further enhances its long-term investment appeal at the stated reserve price.
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