PlotsReserve ₹10.30 LRegister and pay the EMD by 28 Nov 2026
First seen · Source: Hero Housing Finance listing on bankeauctions.com; lender’s sale documents
Key facts Hero Housing Finance auction of plots in Masakkoundan Chettipalayam
Lender
Hero Housing Finance Limited
Status
Registration open
Property
Plots
Address
Gokulam Garden layout, S.F. No. 565/3A1A, village Masakkoundan Chettipalayam, Annur taluk, Coimbatore district, Tamil Nadu
Building or project
Gokulam Garden layout
Site A
459 sq ft
Site B
358 sq ft
Combined
817 sq ft (1 cent and 381 sq ft, or 75.90 sq m)
Possession
Symbolic
Sold under
SARFAESI Act, 2002
Online auction
30 Nov 2026, 11:00 AM–5:00 PM IST
Registration and EMD close
28 Nov 2026, 5:00 PM IST
Reserve price
₹10,30,000
Bidding
See the bidding rules below for increments and extensions
Inspection
23 Nov 2026, 11:00 AM–2:00 PM IST — confirm access; see the auction and payment timeline
Earnest money (EMD)
₹1,03,000, 10% of the reserve
Listed under
Land
Official source
Hero Housing Finance listing 245289 on bankeauctions.com
Last verified
7 Nov 2026
Compiled from Hero Housing Finance Limited’s listing 245289 and its linked sale documents on bankeauctions.com, checked on 7 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 “₹10.30 L reserve” means
What Hero Housing Finance’s sale documents say
The reserve is ₹10,30,000, with an EMD of ₹1,03,000. The published submission deadline is 28 Nov 2026, 5:00 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 7 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: Hero Housing Finance listing on bankeauctions.com; lender’s sale documents
Hero Housing Finance Limited is selling plots in Masakkoundan Chettipalayam, Tamil Nadu. Its sale notice says the lender has taken symbolic 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 ₹10,30,000 and the notice EMD is ₹1,03,000. Submission closes 28 Nov 2026, 5:00 PM IST. The online auction is scheduled for 30 Nov 2026, 11:00 AM–5:00 PM IST. See the bidding rules below for increments and extensions. Inspection is set for 23 Nov 2026, 11:00 AM–2:00 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: Hero Housing Finance listing on bankeauctions.com; lender’s sale documents; SARFAESI sale rules
Stage
Date
What it means
Source
Sale notice dated
28 Oct 2026
The signed notice is dated 28 October 2026. BiddingPulse first saw this listing on 6 November 2026, after the notice date; it is not a new sale.
Sale notice
Listing seen
6 Nov 2026
First seen on bankeauctions.com
Listing 245289
Inspection
23 Nov 2026, 11:00 AM–2:00 PM IST
The notice gives 23 November 2026, 11:00 AM–2:00 PM IST for inspection, with prior appointment.
Sale notice
Registration and EMD close
28 Nov 2026, 5:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Listing 245289
Online auction
30 Nov 2026, 11:00 AM–5:00 PM IST
The notice says the e-auction runs on 30 November 2026 from 11:00 AM onwards and prints no end time. bankeauctions.com lists 11:00 AM–5:00 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 7 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Sale documents
What exactly is being sold?
Two separate house sites sold together in the Gokulam Garden layout (DTCP approval M.V/(Ko. M) No. 79/2020): site A, east of Site No. 42, measuring 459 sq ft (9 by 51 feet), and site B, north of Site No. 43, measuring 358 sq ft (7 by 51½ and 51 feet).
The notice gives the combined extent as 817 sq ft, 1 cent and 381 sq ft, or 75.90 sq m. Both sites face a 10-metre layout road on the north and S.F. No. 565/3B dry land on the south, and carry a common right of way over the layout roads.
Under the present subdivision they fall in S.F. No. 565/3A1A, Masakkoundan Chettipalayam village panchayat, Annur union and taluk, Coimbatore district, Tamil Nadu. The 3.45¼-acre layout across S.F. Nos. 565/3A to 565/6B is the parent land, not the area sold.
Personal names left out for privacy.
What are the reserve price and EMD for these plots?
The reserve is ₹10,30,000 and the earnest-money deposit (EMD) is ₹1,03,000. The published submission deadline is 28 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for these plots, and how do I register?
Pay the EMD by demand draft, pay order, IMPS, NEFT or RTGS in favour of Hero Housing Finance Ltd, and deliver the signed bid form with the EMD proof and KYC documents (self-attested PAN card plus identity and residence proof) in a sealed envelope marked “Offer for Purchase of the Immovable Property” to 5th Floor, Alpha Centre, 150-151 North Usman Road, T.
Nagar, Chennai 600017 by 28 November 2026, 5:00 PM IST. Originals may be demanded for verification.
The bid pack lets the authorised officer decide who takes part in inter-se bidding; it does not set out age, nationality or entity eligibility, and registration alone does not establish eligibility.
Does the bank have possession, and can I inspect it?
The lender’s sale notice says it has taken symbolic possession: on paper, without moving anyone out. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note.
Symbolic possession can leave an occupant in place. Ask Hero Housing Finance’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
The notice’s bid form gives two payment clocks. Its general terms (clauses 30–31) require 25% of the price, including the EMD, within 24 hours of the auction and the remaining 75% within 15 days of the auction, extendable in writing for up to three months.
The bidder’s covering letter in the same form says 25% on the auction date or next working day and 75% within 15 days of sale confirmation. Plan for the earlier clock and get the governing deadline in writing.
A written extension beyond 15 days attracts 24% a year interest on the unpaid balance. Default forfeits all amounts paid.
The bid form says unsuccessful bidders’ EMDs are ordinarily refunded on the auction date or within such time as Hero decides, without interest.
What other charges or claims could I face?
The notice states no encumbrance known to the secured creditor. Bidders must check title, encumbrances, claims and dues themselves; Hero is not responsible for third-party claims or dues. Stamp duty, registration and transfer costs fall on the buyer.
What are the withdrawal, payment and sale risks?
Hero’s notice records constructive (symbolic) possession taken by its authorised officer. The sale is on as-is,where-is, whatever-there-is and without-recourse terms; Hero is not responsible for third-party claims. Bids cannot be withdrawn or changed. Check occupation, title, boundaries and dues before bidding.
What are the bidding rules?
Increments follow the reserve band in the notice: ₹15,000 for this reserve. The notice describes “limited” ten-minute extensions without stating a count, while bankeauctions.com shows unlimited ten-minute extensions; either way the end time is only scheduled.
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. The public download works from the ordinary page session; it failed when opened without that session. In the bundle, open the 1st-auction notice for this branch and match reserve ₹10,30,000.