Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609756
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹15,30,000
EMD:₹1,53,000
Bid Increment:₹10,000
Service Provider:BAANKNET
Important Dates
Submission Date:15-11-2025 05:00 PM
Bid Start Date:17-11-2025 10:30 AM
Property Description
This is a prime residential property comprising land and a building located in Cherthala, Alappuzha, Kerala. The property is being auctioned by Punjab National Bank as part of a SARFAESI auction. It presents a unique opportunity for buyers looking for a property in a well-established area.
State:Kerala
City:Alappuzha
Area:Cherthala
Asset Category:Residential
Full Address:Sy. No. 431/1-33-1-5 of Aroor Village, Cherthala Taluk, Alappuzha District, Aroor Village, Cherthala
Size:2.43 Ares
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential land and building in Cherthala, Alappuzha, Kerala. The auction will take place on November 17, 2025, from 10:30 AM to 5:00 PM. The reserve price for this auction is ₹15,30,000, with an Earnest Money Deposit (EMD) of ₹1,53,000. This is a significant opportunity to acquire a property through a bank auction.
Borrower Name:Mr. Satheesh N G
Auction Type:SARFAESI Auction
Guarantor Names:N G S/o Gangadharan (late), Smt. Leela W/o Gangadharan (late), Shaji S/o Gangadharan (late), Madhu N G S/o Gangadharan (late), Shibu N G S/o Gangadharan (late)
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property presents a calculated opportunity given its residential nature, location in Cherthala, and relatively affordable reserve price. The symbolic possession status and land size require careful consideration, but the potential for appreciation exists. Additional due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
