Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613528
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹92,00,000
EMD:₹9,20,000
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 residential land and building property located in Chengannur, Alappuzha, Kerala. The property is being auctioned by Canara Bank under the SARFAESI Act. It represents an excellent opportunity to acquire a real estate asset in a well-connected region.
State:Kerala
City:Alappuzha
Area:Chengannur
Asset Category:Residential
Full Address:Re Sy No. 127/8 (old Sy No.215/6A), Thandaper No.7003, Block No. 11, Cheriyanadu Village, Cheriyanadu, Alappuzha
Size:11 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Chengannur, Alappuzha, Kerala. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹92,00,000, with an Earnest Money Deposit (EMD) of ₹9,20,000. This is a prime opportunity for prospective buyers to acquire the asset belonging to M/s. Planet Builders.
Borrower Name:M/s. Planet Builders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Vivek G, Smt. Indira Devi P
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Chengannur, Alappuzha, and its land & building classification present a moderate investment opportunity. The reserve price and EMD are relatively high, necessitating careful evaluation. Considering the location and property type, it warrants a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072
