Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612607
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹29,13,000
EMD:₹2,91,300
Bid Increment:₹25,000
Auction Time:11:00 AM to 02:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2020-11-29
Property Description
This is a residential house located in Aluva, Ernakulam, Kerala, being auctioned by Canara Bank. The property is part of a SARFAESI auction. Previously associated with M/s Palackal Footwear Agencies, this house presents a potential opportunity for buyers in the Ernakulam region. The auction is being conducted by Canara Bank.
State:Kerala
City:Ernakulam
Area:Aluva
Asset Category:Residential
Full Address:Re Sy. No. 118/26/2 & 118/25/2 (Old Sy. No. 736/3 and 737/2) of Block No. 36 of Aluva East Village, Aluva Taluk, Ernakulam District, Aluva East Village, Ernakulam
Size:2.43 Ares
Auction Description
Canara Bank is holding a SARFAESI auction for a residential house in Aluva, Ernakulam, Kerala. The auction will take place on November 29, 2025, starting at 11:00 AM and concluding at 02:00 PM. The reserve price for this auction is ₹2,913,000, with an Earnest Money Deposit (EMD) of ₹291,300 required. This auction offers a chance to acquire a property in the Ernakulam district.
Borrower Name:M/s Palackal Footwear Agencies
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Shairy Flowergin, W/o Flowergin Kunnamthanam House, Sreemoolanagaram P.O, PIN: 683580
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in Aluva, a reasonably accessible location. The reserve price seems fair for the area, but potential investors should conduct thorough due diligence to assess market value and property condition. The auction terms are standard, making it a calculated opportunity for those familiar with the local market.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2220916
