Devasthanam Industrial Plot Auction: Industrial Plot – Reserve ₹1.23 Cr (6 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Devasthanam industrial plot auction, offered by Punjab National Bank at a reserve of ₹1.23 Cr. On offer is a industrial plot in Devasthanam, Tirupathur (PIN 635751). The online auction runs on 6 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹1,23,12,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Devasthanam Industrial Plot Auction: Key Highlights

• Reserve price: ₹1,23,12,000 (₹1.23 Cr)
• EMD: ₹12,31,200
• Bid increment: ₹1,00,000
• Auction: 6 October 2026, 11:00 AM to 5:00 PM
• Last date for EMD: 5 October 2026, 5:00 PM
• Location: Devasthanam, Tirupathur, Tamil Nadu
• Possession: Symbolic

Devasthanam Industrial Plot Auction – Complete Details

Auction ID	362284
Bank property ID	PUNBABA40363897Y
Bank	Punjab National Bank
Branch	Samb Chennai
Property type	Industrial – Industrial Plot
Locality	Tamil Nadu
City / District	Devasthanam, Tirupathur
State	Tamil Nadu
PIN code	635751
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹1,23,12,000
EMD	₹12,31,200
Bid increment	₹1,00,000
Auto-extension	10 minutes per late bid

About the Location – Devasthanam

The property is located in Devasthanam, Tirupathur district, Tamil Nadu (PIN 635751). Tamil Nadu has one of India’s most urbanised economies, with Chennai, Coimbatore, Madurai and Tiruppur driving demand for residential and industrial property. The handling branch is Samb Chennai, which is usually the best contact for site visits and local queries.

Is the Devasthanam Industrial Plot Auction Worth It?

The EMD of ₹12,31,200 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Devasthanam Industrial Plot Auction

• Inspection window: 29 September 2026, 10:00 AM to 29 September 2026, 5:00 PM
• EMD submission opens: 18 September 2026
• Last date for EMD: 5 October 2026, 5:00 PM
• E-auction: 6 October 2026, 11:00 AM to 5:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 362284 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 8884822944.
4. Pay the EMD of ₹12,31,200 through the BAANKNET wallet before 5 October 2026, 5:00 PM.
5. Log in on 6 October 2026 and bid above the reserve in steps of ₹1,00,000; each late bid extends the auction by 10 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Obtain the encumbrance certificate and verify the title chain.
• Confirm land use or zoning and road access on site.
• Check the survey sketch, boundaries and any encroachment.
• Verify that property tax and other local dues are clear.
• Read our auction property due diligence checklist before you bid.

Devasthanam Industrial Plot Auction: FAQs

More PNB and Tamil Nadu Auctions

• All Punjab National Bank auction listings
• More industrial plot auctions
• Bank auctions in Tamil Nadu
• Guide: reserve price bidding strategy

Source: Auction ID 362284 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National Bank before bidding.