Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613591
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹31,20,000
EMD:₹3,12,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a SARFAESI auction property located in Paravur Taluk, Ernakulam, Kerala. The asset is a Land And Building, categorized as Residential. The property is being auctioned by Canara Bank.
State:Kerala
City:Ernakulam
Area:Paravur Taluk
Asset Category:Residential
Full Address:Re.Sy.No. 117/16 (Old Sy.No.48/2), Chendamagalam Village, North Paravur Taluk, Chendamagalam Village, Ernakulam
Size:2.83 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land And Building property in Paravur Taluk, Ernakulam, Kerala. The auction is scheduled for 25-11-2025, starting at 10:30 AM and ending at 11:30 AM. The reserve price is 31,20,000.00 INR, with an Earnest Money Deposit (EMD) of 3,12,000.00 INR required. This auction pertains to the property of borrower M/s Ganga Steel Products.
Borrower Name:M/s Ganga Steel Products
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Leela Chacko
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Paravur, Ernakulam, presents a decent investment opportunity given its residential nature and land size. With a moderate reserve price and clear auction terms, it's a calculated opportunity for those familiar with the local market. However, due diligence is recommended to assess the full potential and market value.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072
