Tiruppur Flat Auction: 1,174 Sq Ft 9th Floor Flat with Parking – Reserve ₹66 Lakh (10 Nov 2026)
Verified Listing Upcoming
Property ID: FB-60
Property Description
Looking for a flat and apartment deal below market rates? The Tiruppur flat auction listed by Federal Bank deserves a close look. A 9th-floor apartment of about 1,174 sq ft with basement car parking, in Pearl Block A on Avinashi Road, Tiruppur, is up for online auction. The online e-auction is scheduled for 10 November 2026 (11:00 AM to 12:00 PM), with a reserve price of ₹66,00,000.
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
Tiruppur Flat Auction: Key Highlights
- Reserve price: ₹66,00,000
- EMD: ₹6,60,000
- Auction date: 10 November 2026, 11:00 AM to 12:00 PM
- Last date for EMD / bid: 9 November 2026, 5:00 PM
- Location: Avinashi Road, Tiruppur, Tamil Nadu
Tiruppur Flat Auction – Complete Details
| Asset | Flat 904, Pearl Block A, Avinashi Road, Tiruppur |
| Description | 9th-floor apartment, Door No. P36, Pearl Block A, with basement car parking; 1012.6 sq ft plus 161 sq ft common area |
| Built-up area | 1173.62 sq ft (incl. common area) |
| Survey / Plot No. | G.S. No. 57, T.S. No. 23 |
| Village | Thottipalayam |
| Taluk | Tiruppur North |
| District | Tiruppur |
| Reserve price | ₹66,00,000 |
| EMD (10%) | ₹6,60,000 |
| Bid increment | ₹1,00,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Tiruppur Industrial Finance |
| Mode of sale | Online e-auction |
| E-auction portal | www.bankeauctions.com |
| Outstanding dues | ₹7,38,41,428 |
| Encumbrances | Property is also charged to a housing loan with SARFAESI proceedings initiated |
| Notice date | 28 September 2026 |
About the Location – Avinashi Road, Tiruppur
Tiruppur is India’s knitwear capital, and Avinashi Road is its main growth corridor towards Avinashi and Coimbatore. Thottipalayam is close to the Tiruppur bus stand, garment export units and the Coimbatore–Salem NH 544 link, with Coimbatore airport about 45 km away. Gated apartments here attract export-house managers, traders and NRI families.
Is the Tiruppur Flat Auction Worth It?
The reserve works out to about ₹5,624 per sq ft including common areas, which is fair for a high-floor flat with parking on Avinashi Road. The bank’s outstanding dues (₹7.38 Cr) are about 11.2 times the reserve price, so the bank is clearly motivated to close this sale. Prices in recovery auctions are often attractive, but the real gain comes only after you factor in dues, taxes and transfer costs.
Important Dates for the Tiruppur Flat Auction
- Sale notice date: 28 September 2026
- Inspection: 16-10-2026, 4:00 PM to 5:00 PM in consultation with the branch
- Last date for EMD and bid submission: 9 November 2026 (5:00 PM)
- E-auction: 10 November 2026, 11:00 AM to 12:00 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 ₹6,60,000 by RTGS/NEFT and upload the bid form before 9 November 2026.
- Log in on 10 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% (including EMD) 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 G.S. No. 57, T.S. No. 23.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical or symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our tips for buying bank auction flats before you bid.
Contact the Authorised Officer
| Authorised Officer | Authorised Officer (SARFAESI Act) |
| Office | Federal Bank LCRD, Door No. 21, ML Lund Complex, Variety Hall Road, Coimbatore 641001 |
| Phone | 0422-2302992, 0422-2399750 |
| cbelcrd@federal.bank.in |
Tiruppur Flat Auction: FAQs
What is the reserve price in the Tiruppur flat auction?
The reserve price is ₹66,00,000. Bids below this amount are not accepted.
When is the Tiruppur flat auction scheduled?
The auction is on 10 November 2026 from 11:00 AM to 12:00 PM. EMD and bids must reach the bank by 9 November 2026.
How much EMD is required?
The earnest money deposit is ₹6,60,000, 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 flat and apartment auctions
- Bank auctions in Tamil Nadu
- Guide: home loan for auction property
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 | Flats & Apartments |
|---|---|
| Built-up Area | 1173.62 sq ft (incl. common area) |
| Location | Avinashi Road, Tiruppur, Tamil Nadu |
| Encumbrances | Property is also charged to a housing loan with SARFAESI proceedings initiated |
Location Map
Auction Timeline
- 28 Sep 2026Auction Notice Published
- 16 Oct 2026Inspection Ends
- 9 Nov 2026Last Date for EMD Submission
- 10 Nov 2026, 11:00 AM to 12:00 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.