Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612538
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹35,34,000
EMD:₹3,53,400
Bid Increment:₹50,000
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:2023-11-29
Property Description
A valuable land and building asset located in Kunnathunad Taluk, Ernakulam, Kerala. This residential property is being offered for sale by Canara Bank through a SARFAESI auction. The property presents an excellent opportunity for investment or personal use in a prominent area of Ernakulam.
State:Kerala
City:Ernakulam
Area:Kunnathunad Taluk
Asset Category:Residential
Full Address:Re. Sy. No. 187/1 in Block No. 48 (Old Sy. No. 976/4A/2) of Aikkarannadu South Village, Aikkarannadu South Village, Ernakulam
Size:2.02 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Kunnathunad Taluk, Ernakulam, Kerala. The auction will take place on November 29, 2025, from 11:00 AM to 02:00 PM. The reserve price for this asset is ₹35,34,000, with an EMD of ₹3,53,400. This is a significant opportunity to acquire property directly from the bank.
Borrower Name:Bejoy Chacko
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Ernakulam, a growing city, combined with its residential zoning and manageable reserve price, suggests decent investment potential. While not a prime location, it offers a calculated opportunity for investors seeking to acquire land and a building at auction terms. Additional due diligence is recommended to understand local market dynamics.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Contact no:04842621441
