Apartment for auction Maradu Village Ernakulam 32 lakh IDBI Bank

This is a SARFAESI auction for a parcel of land located in Kanayannur Taluk, Ernakulam, Kerala. The property is classified as residential and is being auctioned by IDBI Bank. Previously belonging to Shri. Vivek Shankar, this land presents an opportunity for development or investment in a sought-after region. The auction is conducted under the SARFAESI Act. Details: - Property Type: Land - Location: Kanayannur Taluk, Ernakulam, Kerala - Borrower: Shri. Vivek Shankar - Asset Category: Residential

IDBI Bank is conducting an online SARFAESI auction for a residential land parcel in Kanayannur Taluk, Ernakulam, Kerala. The auction will commence on November 24, 2025, at 10:00 AM and conclude at 12:00 PM on the same day. The reserve price for this property is INR 32,12,235.00, with an Earnest Money Deposit (EMD) of INR 3,21,223.00 required to participate. This is a prime opportunity to acquire land in a developing area. Ensure all participation criteria and bidding procedures are reviewed before the auction date.

Located in Ernakulam, Kerala, this 3BHK apartment offered at auction presents a calculated opportunity. The reserve price appears reasonable, but prospective buyers should investigate the property thoroughly. The physical possession and location make it a potentially attractive investment for local buyers.