Avinashi Plot Auction: 3 Layout Sites Near Avinashi from ₹45 Lakh – Reserve from ₹45 Lakh (12 Nov 2026)
Verified Listing Upcoming
Property ID: FB-61
Property Description
The Avinashi plot auction announced by Federal Bank is one of the notable land and plot opportunities on the bank’s current sale-notice list. Three residential layout sites – a 3,739 sq ft double plot at Kaniyur and two 2,400 sq ft sites in Aiswarya Avenue near Avinashi – are offered as separate lots. The online e-auction is scheduled for 12 November 2026 (11:00 AM to 1:00 PM), with a reserve price of from ₹45,00,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Avinashi Plot Auction: Key Highlights
- Reserve price: Lot 1 – ₹60,00,000; Lot 2 – ₹45,00,000; Lot 3 – ₹45,00,000
- EMD: Lot 1 – ₹6,00,000; Lot 2 – ₹4,50,000; Lot 3 – ₹4,50,000
- Auction date: 12 November 2026, 11:00 AM to 1:00 PM
- Last date for EMD / bid: 11 November 2026, 5:00 PM
- Location: Kaniyur & Avinashi, Tamil Nadu, Tamil Nadu
Avinashi Plot Auction – Complete Details
Lot 1: Site Nos. 5 & 6, S.K. Garden, Kaniyur
| Description | Two adjoining layout sites totalling 3,739 sq ft |
| Land area | 347.36 sq m (3,739 sq ft) |
| Survey / Plot No. | S. No. 239 |
| Village | Kaniyur |
| Taluk | Sulur |
| District | Coimbatore |
| Reserve price | ₹60,00,000 |
| EMD (10%) | ₹6,00,000 |
| Bid increment | ₹1,00,000 |
Lot 2: Site No. 64, Aiswarya Avenue, Velayuthampalayam
| Description | Layout site of 2,400 sq ft |
| Land area | 223.04 sq m (2,400 sq ft) |
| Survey / Plot No. | S. No. 186/1 |
| Village | Velayuthampalayam |
| Taluk | Avinashi |
| District | Tiruppur |
| Reserve price | ₹45,00,000 |
| EMD (10%) | ₹4,50,000 |
| Bid increment | ₹1,00,000 |
Lot 3: Site No. 67, Aiswarya Avenue, Velayuthampalayam
| Description | Layout site of 2,400 sq ft |
| Land area | 223.04 sq m (2,400 sq ft) |
| Survey / Plot No. | S. No. 186/1 |
| Village | Velayuthampalayam |
| Taluk | Avinashi |
| District | Tiruppur |
| Reserve price | ₹45,00,000 |
| EMD (10%) | ₹4,50,000 |
| Bid increment | ₹1,00,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Coimbatore |
| Mode of sale | Online e-auction |
| E-auction portal | www.bankeauctions.com |
| Type of possession | Physical possession |
| Outstanding dues | ₹8,85,76,872 |
| Encumbrances | No encumbrances reported by the bank |
| Notice date | 29 September 2026 |
About the Location – Kaniyur & Avinashi, Tamil Nadu
Kaniyur lies on the Coimbatore–Avinashi stretch of NH 544, close to the Kaniyur toll plaza and the Coimbatore airport–Tiruppur corridor. Velayuthampalayam is on the outskirts of Avinashi town, about 15 km from Tiruppur. Both areas are seeing steady plotted development driven by the Tiruppur garment industry and Coimbatore’s eastward expansion.
Is the Avinashi Plot Auction Worth It?
Reserves work out to about ₹1,605 per sq ft for the Kaniyur sites and ₹1,875 per sq ft for the Aiswarya Avenue sites, which are reasonable for approved layouts on this corridor. The bank’s outstanding dues (₹8.86 Cr) are about 5.9 times the reserve price, so the bank is clearly motivated to close this sale. Since the reserve price is fixed by a registered valuer and often sits below market rates, early research gives you a real edge in this auction.
Important Dates for the Avinashi Plot Auction
- Sale notice date: 29 September 2026
- Inspection: 13-10-2026, 4:00 PM to 5:00 PM
- Last date for EMD and bid submission: 11 November 2026 (5:00 PM)
- E-auction: 12 November 2026, 11:00 AM to 1:00 PM
How to Bid in This Federal Bank Auction
- Register on www.bankeauctions.com and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹6,00,000 by RTGS/NEFT and upload the bid form before 11 November 2026.
- Log in on 12 November 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance; 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for S. No. 239.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our auction property due diligence checklist before you bid.
Contact the Authorised Officer
| Authorised Officer | Deputy Vice President-II |
| Office | Federal Bank LCRD, Door No. 21, ML Lund Complex, Variety Hall Road, Coimbatore 641001 |
| Phone | +91-422-2302992 |
| cbelcrd@federalbank.co.in |
Avinashi Plot Auction: FAQs
What is the reserve price in the Avinashi plot auction?
Lot-wise reserve prices are: Lot 1 – ₹60,00,000, Lot 2 – ₹45,00,000, Lot 3 – ₹45,00,000.
When is the Avinashi plot auction scheduled?
The auction is on 12 November 2026 from 11:00 AM to 1:00 PM. EMD and bids must reach the bank by 11 November 2026.
How much EMD is required?
The earnest money deposit is ₹6,00,000 for Lot 1 (see the table above for other lots), usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More land and plot auctions
- Bank auctions in Coimbatore
- Guide: reserve price bidding strategy
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Residential Plots |
|---|---|
| Land Area | 347.36 sq m (3,739 sq ft) + 223.04 sq m (2,400 sq ft) + 223.04 sq m (2,400 sq ft) |
| Location | Kaniyur & Avinashi, Tamil Nadu, Coimbatore, Tamil Nadu |
| Possession | Physical |
| Encumbrances | No encumbrances reported by the bank |
Location Map
Auction Timeline
- 29 Sep 2026Auction Notice Published
- 13 Oct 2026Inspection Ends
- 11 Nov 2026Last Date for EMD Submission
- 12 Nov 2026, 11:00 AM to 1:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.