Land for Auction Peelamedu Nethaji Nagar Coimbatore 92 Lakh by State Bank of India 29 Jun 2026
Peelamedu, Nethaji Nagar, Coimbatore
Area: 2420.0 Sq ft
SF No 211/1, Door no 211/1, Nethaji Nagar, Ramanathapuram Village, Peelamedu, Coimbatore Taluk, Coimbatore Corporation.
State Bank of India · STRESSED ASSETS RECOVERY BRANCH, COIMBATORE
Reserve price
₹92,00,000
EMD ₹9,20,000
Auction date
29 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 2420.0 Sq ft
- ▸Locality: Peelamedu, Nethaji Nagar
- ▸Reserve: ₹92,00,000
- ▸EMD: ₹9,20,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | Peelamedu, Nethaji Nagar |
| Built-up / plot area | 2420.0 Sq ft |
| Lender | State Bank of India |
| Branch | STRESSED ASSETS RECOVERY BRANCH, COIMBATORE |
| Unit / flat no. | SF No 211/1, Door no 211/1 |
| Building / society | GI Sheet industrial building |
| Floor | Ground Floor and First Floor (for industrial building) |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Land bank auction in Peelamedu, Nethaji Nagar, Coimbatore by State Bank of India — reserve price ₹92,00,000, 2420.0 Sq ft, Symbolic possession.
Discover a valuable industrial land with an existing building for sale through an e-auction by Indian Bank. This bank auction property, identified as SF No 211/1 and Door No 211/1, is strategically located in Nethaji Nagar, Peelamedu, Ramanathapuram Village, within the Coimbatore Corporation limits. The property comprises 2420 sq ft of land with a constructed GI Sheet industrial building (including RCC Ground Floor and GI Sheet First Floor structures). With a competitive reserve price of ₹92,00,000 and an EMD of ₹9,20,000, this asset offers a significant investment opportunity for businesses looking for industrial space in Coimbatore. The e-auction is scheduled for June 29, 2026, from 11:00 AM to 04:00 PM. Secure your industrial property in a rapidly developing area.
GeoSquare note: This industrial land with a building in Peelamedu, Coimbatore, presents a strong investment opportunity due to its strategic location within the Coimbatore Corporation limits and nil encumbrances. The clear title (nil encumbrances) is a major plus, though the symbolic possession implies the buyer will need to manage physical possession. The reserve price appears competitive for an industrial asset in a growing city.
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