Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:611826
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹2,19,92,000
EMD:₹21,99,200
Bid Increment:₹1,00,000
Auction Time:11.00 AM TO 02.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-05
Property Description
Prime land and building located in Aluva, Ernakulam, Kerala. This residential asset offers a significant opportunity for investment or personal use in a well-connected area. The property is being auctioned by Canara Bank under the SARFAESI Act. Ideal for those seeking a property in a rapidly developing region with excellent connectivity.
State:Kerala
City:Ernakulam
Area:Aluva
Asset Category:Residential
Full Address:Re. Sy. No. 87/3-2 (Old Sy. No. 586/4-2), Re.Sy. Block No. 36 of Aluva East Village, Aluva Taluk, Ernakulam District, Aluva East Village, Ernakulam
Size:3.50 Ares
Auction Description
Canara Bank presents a SARFAESI auction for a valuable land and building property in Aluva, Ernakulam. The auction will commence on December 5, 2025, at 11:00 AM and conclude at 02:00 PM on the same day. The reserve price is set at ₹2,19,92,000, with an Earnest Money Deposit (EMD) of ₹21,99,200. This is a unique chance to acquire a significant asset through a transparent banking auction process.
Borrower Name:Mr. Ahamed Shanavas Kurukkan
Auction Type:SARFAESI Auction
Guarantor Names:Ms. Sanamol V, Ms. Ramlath
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Aluva, a growing area of Ernakulam, combined with its land and building classification makes it a strong investment opportunity. The reserve price is reasonable given the location and potential for future appreciation. Auction terms are standard, increasing the attractiveness of this proposition.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8281990082
