FlatReserve ₹48.49 LRegister and pay the EMD by 26 Nov 2026
First seen · Source: Encore Asset Reconstruction Company listing on bankeauctions.com; lender’s sale documents
Key facts Encore Asset Reconstruction Company auction of a ground floor flat in Reddyur, Salem
Lender
Encore Asset Reconstruction Company Private Limited
Status
Registration open
Property
Flat B104
Address
Flat B104, Ground floor, Golden Valley, Door 101/28, Reddyur, Salem, Tamil Nadu
Building or project
Golden Valley
Floor
Ground floor
Super built-up area
1,004 sq ft
Undivided share (conflict)
584¾ / 492¼ sq ft
Possession
Physical
Sold under
SARFAESI Act, 2002
Online auction
27 Nov 2026, 11:00 AM–1:00 PM IST
Registration and EMD close
26 Nov 2026, 3:00 PM IST
Reserve price
₹48,49,000
Bidding
See the bidding rules below for increments and extensions
Inspection
13 Nov 2026, 10:00 AM–3:00 PM IST
Earnest money (EMD)
₹4,84,900, 10% of the reserve
Listed under
Land
Official source
Encore Asset Reconstruction Company listing 245269 on bankeauctions.com
Last verified
6 Nov 2026
Compiled from Encore Asset Reconstruction Company Private Limited’s listing 245269 and its linked sale documents on bankeauctions.com, checked on 6 Nov 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
On the numbers
What the “₹48.49 L reserve” means
What Encore Asset Reconstruction Company’s sale documents say
The reserve is ₹48,49,000, with an EMD of ₹4,84,900. The published submission deadline is 26 Nov 2026, 3:00 PM IST. The highest bid is subject to acceptance under the sale notice.
What BiddingPulse covers
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 6 Nov 2026. Any conflict or missing detail is identified below. This is not a title or occupancy verification. Names of borrowers and other people are left out.
Auction summary
Source: Encore Asset Reconstruction Company listing on bankeauctions.com; lender’s sale documents
Encore Asset Reconstruction Company Private Limited is selling a ground floor flat in Reddyur, Salem, Tamil Nadu. Its sale notice says the lender has taken physical possession. The property is security for a loan, and the lender is selling it under the SARFAESI Act, 2002, which lets a lender sell a defaulted loan’s security without going to court.
The reserve is ₹48,49,000 and the notice EMD is ₹4,84,900. Submission closes 26 Nov 2026, 3:00 PM IST. The online auction is scheduled for 27 Nov 2026, 11:00 AM–1:00 PM IST. See the bidding rules below for increments and extensions. Inspection is set for 13 Nov 2026, 10:00 AM–3:00 PM IST.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
Auction & payment timeline
Source: Encore Asset Reconstruction Company listing on bankeauctions.com; lender’s sale documents; SARFAESI sale rules
Stage
Date
What it means
Source
Sale notice dated
3 Nov 2026
The inspected notice is dated 3 November 2026. BiddingPulse first saw this listing on 6 November 2026.
Sale notice
Listing seen
6 Nov 2026
First seen on bankeauctions.com
Listing 245269
Inspection
13 Nov 2026, 10:00 AM–3:00 PM IST
The window the sale notice gives to see the property; arrange it with the lender
Sale notice
Registration and EMD close
26 Nov 2026, 3:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Listing 245269
Online auction
27 Nov 2026, 11:00 AM–1:00 PM IST
See the bidding rules below for bid increments, extensions and any conflicting instructions.
Read the requirements and risks from this lot’s sale documents, checked on 6 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Sale documents
What exactly is being sold?
Ground-floor flat B104, Door 101/28, Golden Valley, Reddyur, Salem, Tamil Nadu. The super built-up area is 1,004 sq ft.
Schedule A prints an undivided land share of 584¾ sq ft, whereas Schedule B prints 492¼ sq ft for the flat; the share is unresolved and the figures must not be added. The flat includes one fifty-sixth of parking and common-use rights.
Parent land is 31,378 sq ft, in Survey 35/2, later 35/2A and 35/2A1; town-survey references 11/2, later 11/14 and 11/15, Ward C, Block 4. The source does not allocate an exclusive parking bay.
The flat’s undivided share conflicts between the two schedules: 584¾ and 492¼ sq ft. Obtain a corrected schedule and title verification before bidding.
Personal names left out for privacy.
BiddingPulse explainer
What do the listing’s terms mean?
A super built-up area adds a share of the building’s common areas, so the flat itself is smaller.
What are the reserve price and EMD for this flat?
The reserve is ₹48,49,000 and the earnest-money deposit (EMD) is ₹4,84,900. The published submission deadline is 26 Nov 2026, 3:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for this flat, and how do I register?
Submit the offer with PAN, photo identification, address proof and, for a company, the necessary board resolution. Pay EMD by RTGS or NEFT and send the UTR, cancelled cheque and bid documents to Encore ARC’s authorised officer before the entry cutoff.
The bid pack and online registration must be completed for this property. The short notice does not state complete age, nationality, residency or other entity-eligibility rules.
Does the bank have possession, and can I inspect it?
The lender’s sale notice says it has taken physical possession. The lender’s sale notice sets inspection for 13 Nov 2026, 10:00 AM–3:00 PM IST. Ask Encore Asset Reconstruction Company’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
The successful bidder must immediately deposit 25% of the sale price, including EMD, on being declared the highest bidder. The remaining 75% is due within 15 days of sale confirmation, unless an extension is agreed in writing.
Unsuccessful-bidder EMD is returned within seven working days without interest. The inspected short notice does not set out a separate default-forfeiture clause; confirm that provision in the complete bid pack before committing.
What other charges or claims could I face?
The buyer bears stamp duty, registration charges, taxes and all other property dues and encumbrances, whether known or unknown. The lender’s knowledge statement does not certify clear title or settled liabilities.
What are the withdrawal, payment and sale risks?
Encore states physical possession. The property is offered on an as-is,no-recourse basis.
Inspect title, occupation, access, area and dues independently. An offer cannot be withdrawn; if the bidder fails to participate online, the bid-form amount can remain binding.
The lender may reject offers or cancel or postpone the sale. The notice moves a holiday to the next working day.
What are the bidding rules?
The offer must be above reserve. The notice provides five-minute extensions for late bids. The property-specific increment is taken from the current platform detail, not inferred from the reserve.
Public Encore Asset Reconstruction Company listing
Check the latest notice and any amendments before paying. Follow the registration, payment and bidding instructions above and in the lender’s documents. BiddingPulse accepts no registrations, deposits or bids.
Open this property’s bankeauctions.com page, then View NIT. Match Reddyur, reserve ₹48,49,000, EMD ₹4,84,900 and the 27 November 2026 auction. Encore signed notice: property schedule and dates on pp. 1–2; complete operative terms checked through the final page. Matched this property by site/record numbers and reserve, not lender or city alone.