Land and buildingReserve ₹2 CrRegister and pay the EMD by 9 Dec 2026
First seen · Source: Kotak Mahindra Bank listing on bankeauctions.com; lender’s sale documents
Key facts Kotak Mahindra Bank auction of land and building in Salem
Lender
Kotak Mahindra Bank
Status
Registration open
Property
Plots 75 and 76
Address
Plots 75 and 76, old Door 23, new Door 40/1, Ward AG, Block 37 (formerly Ward M, Block 17 and I Division Ward 9), Salem, Tamil Nadu
Land area
2,400 sq ft
Possession
Physical
Sold under
SARFAESI Act, 2002
Online auction
10 Dec 2026, 11:00 AM–12:00 PM IST
Registration and EMD close
9 Dec 2026, 4:00 PM IST
Reserve price
₹2,00,00,000
Bidding
See the bidding rules below for increments and extensions
Inspection
4 Dec 2026, 2:00 PM–4:00 PM IST — confirm access; see the auction and payment timeline
Earnest money (EMD)
₹20,00,000, 10% of the reserve
Official source
Kotak Mahindra Bank listing 245511 on bankeauctions.com
Last verified
10 Nov 2026
Compiled from Kotak Mahindra Bank’s listing 245511 and its linked sale documents on bankeauctions.com, checked on 10 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 “₹2 Cr reserve” means
What Kotak Mahindra Bank’s sale documents say
The reserve is ₹2,00,00,000, with an EMD of ₹20,00,000. The published submission deadline is 9 Dec 2026, 4:00 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 10 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: Kotak Mahindra Bank listing on bankeauctions.com; lender’s sale documents
Kotak Mahindra Bank is selling land and building in 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 ₹2,00,00,000 and the notice EMD is ₹20,00,000. Submission closes 9 Dec 2026, 4:00 PM IST. The online auction is scheduled for 10 Dec 2026, 11:00 AM–12:00 PM IST. See the bidding rules below for increments and extensions. Inspection is set for 4 Dec 2026, 2:00 PM–4:00 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: Kotak Mahindra Bank listing on bankeauctions.com; lender’s sale documents; SARFAESI sale rules
Stage
Date
What it means
Source
Sale notice dated
30 Oct 2026
The inspected notice is dated 30 October 2026. BiddingPulse first recorded this listing on 10 November; that is later discovery, not a new sale launch.
Sale notice
Listing seen
10 Nov 2026
First seen on bankeauctions.com
Listing 245511
Inspection
4 Dec 2026, 2:00 PM–4:00 PM IST
The notice gives 4 December, 2:00–4:00 PM IST, subject to the authorised officer’s discretion and prior request. Confirm access before visiting.
Sale notice
Registration and EMD close
9 Dec 2026, 4:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Listing 245511
Online auction
10 Dec 2026, 11:00 AM–12:00 PM IST
The notice’s timetable gives 10 December, 11:00 AM–noon IST, matching the platform. Clause 1 instead prints “11 PM–12 PM”. That internal clock conflict is unresolved; obtain Kotak’s written confirmation. 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 10 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Sale documents
What exactly is being sold?
Land and building on Plots 75 and 76, 2,400 sq ft (60 feet east–west by 40 feet north–south), Salem Town, Tamil Nadu. Old Door 23, new Door 40/1; Ward M, Block 17, Town Survey 11, then I Division Ward 9 TS 11/8N, now Ward AG, Block 37, TS 55; Salem East Registration District, Joint I Sub-Registrar.
Boundaries: 20-foot east–west road north, Plots 99 and 100 south, 30-foot north–south road east and Plot 74 west. Building floor area and permitted use are not stated.
Personal names left out for privacy.
What are the reserve price and EMD for this land and building?
The reserve is ₹2,00,00,000 and the earnest-money deposit (EMD) is ₹20,00,000. The published submission deadline is 9 Dec 2026, 4:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for this land and building, and how do I register?
Register on bankeauctions.com and submit the signed forms, PAN, identity/address documents and EMD proof online and by the notice’s email route before the cutoff. Remit EMD from the bidder’s own account by RTGS/NEFT/fund transfer to the beneficiary confirmed by Kotak.
The sale certificate is issued to the successful bidder; nominees are not permitted. A representative requires the form’s authority and identification.
The notice does not state a complete age, citizenship or residency test.
Does the bank have possession, and can I inspect it?
The lender’s sale notice says it has taken physical possession. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note. Ask Kotak Mahindra Bank’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
Deposit 25% of the price, including EMD, immediately after auction closure. The next working day is allowed only if the bank is closed.
Pay the balance within 15 days after acceptance/confirmation is conveyed. Failure can forfeit amounts paid and lead to resale.
Unsuccessful EMD is returned without interest within ten working days. The notice restricts claiming a refund during a court stay and leaves refund in that situation to the bank’s discretion.
What other charges or claims could I face?
The buyer bears property and utility dues, stamp duty, registration, transfer costs and security/maintenance costs from the sale certificate.
The notice requires its stated 1% TDS procedure for consideration of ₹50 lakh or more, with Form 16B/26QB and challan evidence before the certificate; obtain the bank’s written demand and applicable tax advice. Unknown encumbrances are not a clear-title assurance.
What are the withdrawal, payment and sale risks?
The notice records physical possession on 16 June 2026; this does not establish vacancy. Inspect the site, building and title. The as-is sale needs Kotak’s acceptance, and it may reject, postpone or cancel. Default can forfeit deposits. Court-stay and refund restrictions in the notice remain relevant after bidding.
What are the bidding rules?
The notice gives five-minute extensions. The scheduled close can extend.
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 public listing and choose View NIT to read the sale notice and attached bid documents.