Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612522
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹1,82,15,000
EMD:₹18,21,500
Bid Increment:₹1,00,000
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:2025-11-09
Property Description
This offering is for a Land and Building property located in Idukki, Kerala. Suitable for residential purposes, this asset is part of a bank auction being conducted by Canara Bank. The property presents a unique opportunity for investment in the Idukki region.
State:Kerala
City:Idukki
Area:Idukki
Asset Category:Residential
Full Address:Survey No 161/1 part of Idukki Village, Idukki Taluk, Idukki, Idukki
Size:26.30 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Idukki, Kerala. The auction will take place on November 29, 2025, from 11:00 AM to 02:00 PM. The reserve price is set at 1,82,15,000.00, with an EMD of 18,21,500.00. This is an excellent chance to acquire a property through a transparent auction process.
Borrower Name:M/s Aiswarya Fashion Jewellery
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Babu Joseph
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Idukki offers potential, but its success depends on local market conditions. The land and building combination provides flexibility for development, but due diligence is recommended. The reserve price, while significant, might represent a viable investment for those with a long-term vision.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Contact no:04852275161
