Edaganasalai Industrial Shed Auction: Industrial Shed – Reserve ₹2.09 Cr (27 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-367101
Property Description
Canara Bank has put a industrial shed up for sale through the Edaganasalai industrial shed auction, open to all registered bidders on BAANKNET. On offer is a industrial shed in Edaganasalai, Salem (PIN 636502). The online auction runs on 27 October 2026 (12:30 PM to 1:30 PM) with a reserve price of ₹2,09,00,000.
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.
Table of Contents
Table of Contents
Edaganasalai Industrial Shed Auction: Key Highlights
- Reserve price: ₹2,09,00,000 (₹2.09 Cr)
- EMD: ₹20,90,000
- Bid increment: ₹1,00,000
- Auction: 27 October 2026, 12:30 PM to 1:30 PM
- Last date for EMD: 26 October 2026, 5:00 PM
- Location: Edaganasalai, Salem, Tamil Nadu
- Possession: Physical
Edaganasalai Industrial Shed Auction – Complete Details
| Auction ID | 367101 |
| Bank property ID | CNRB115770139 |
| Bank | Canara Bank |
| Branch | Specialised Arm Branch, Tiruchirappalli |
| Property type | Industrial – Industrial Shed |
| Locality | Tharamangalam, Salem |
| City / District | Edaganasalai, Salem |
| State | Tamil Nadu |
| PIN code | 636502 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹2,09,00,000 |
| EMD | ₹20,90,000 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Edaganasalai
This listing falls in Edaganasalai, Salem, Tamil Nadu, postal code 636502. 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 Specialised Arm Branch, Tiruchirappalli, which is usually the best contact for site visits and local queries.
Is the Edaganasalai Industrial Shed Auction Worth It?
The EMD of ₹20,90,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Edaganasalai Industrial Shed Auction
- EMD submission opens: 1 October 2026
- Last date for EMD: 26 October 2026, 5:00 PM
- E-auction: 27 October 2026, 12:30 PM to 1:30 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 367101 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8015387419.
- Pay the EMD of ₹20,90,000 through the BAANKNET wallet before 26 October 2026, 5:00 PM.
- Log in on 27 October 2026 and bid above the reserve in steps of ₹1,00,000; each late bid extends the auction by 5 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
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Edaganasalai Industrial Shed Auction: FAQs
What is the reserve price in the Edaganasalai industrial shed auction?
The reserve price is ₹2,09,00,000. Bids below the reserve price are not accepted.
When is the Edaganasalai industrial shed auction scheduled?
The e-auction is on 27 October 2026 from 12:30 PM to 1:30 PM. The last date for EMD is 26 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹20,90,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Edaganasalai, Salem, Tamil Nadu – 636502.
Where can I see the official sale notice?
Search Auction ID 367101 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Tamil Nadu Auctions
- All Canara Bank auction listings
- More industrial shed auctions
- Bank auctions in Tamil Nadu
- Guide: finance options for commercial auctions
Source: Auction ID 367101 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara 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 Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Industrial Sheds |
|---|---|
| Location | Edaganasalai, Salem, Salem, Tamil Nadu |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 26 Oct 2026Last Date for EMD Submission
- 27 Oct 2026, 12:30 PM to 1:30 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.