Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613429
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹28,50,000
EMD:₹2,85,000
Bid Increment:₹1
Auction Time:10:30 A.M. to 11:30 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a factory land and building located in Kochi Taluk, Ernakulam, Kerala. The property is an industrial asset formerly belonging to M/s. Sreya Oil Extractions. It presents a unique opportunity for investment in a developing industrial area.
State:Kerala
City:Ernakulam
Area:Kochi Taluk
Asset Category:Industrials
Full Address:Re. Sy No 210/9, Chellanam Village, Kochi Taluk, Ernakulam District, Chellanam Village, Ernakulam
Size:1.62 ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a factory land and building in Ernakulam, Kerala. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at INR 28,50,000, with an Earnest Money Deposit (EMD) of INR 2,85,000. This is a significant opportunity to acquire an industrial property through a bank auction.
Borrower Name:M/s. Sreya Oil Extractions
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Chellanam Village, Kochi, and is an industrial factory land and building. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence. A calculated approach is advisable considering the specific location and industrial nature of the property.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072
