Property for Auction in Kanayannur Taluk, Ernakulam, Kerala
Recommendation:Strong BuyScore: 7.8
Auction ID:609339
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, ERNAKULAM
Reserve Price:₹85,00,000
EMD:₹8,50,000
Bid Increment:₹10,000
Auction Time:11.00 AM to 04.00 PM
Service Provider:BAANKNET
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
This SARFAESI auction presents a prime opportunity to acquire a Land and Building asset in Kanayannur Taluk, Ernakulam, Kerala. Located in the vibrant city of Ernakulam, this residential property is offered by Indian Bank. The property, previously owned by Mr. Suresh Kumar Balakrishnan, represents a significant investment potential in a sought-after region. Its versatile nature as both land and a building makes it suitable for various development or personal use scenarios. Don't miss this chance to own a valuable asset in Kerala.
State:Kerala
City:Ernakulam
Area:Kanayannur Taluk
Asset Category:Residential
Full Address:Re.Sy.No.365/1/14, Block No.9, Kakkanad Village, Kanayannur Taluk, Ernakulam District, Kakkanad, Ernakulam
Size:1.76 ares
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Kanayannur Taluk, Ernakulam, Kerala. The auction is scheduled for November 19, 2025, starting at 11:00 AM and concluding at 4:00 PM on the same day. The reserve price for this attractive asset is ₹8,500,000, with an Earnest Money Deposit (EMD) of ₹850,000 required. This is a direct opportunity to bid on a valuable property in Ernakulam, facilitated by Indian Bank under the SARFAESI Act. Secure your participation for this compelling auction event.
Borrower Name:Mr. Suresh Kumar Balakrishnan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sreelakshmi P S
Possession Status:Physical
Encumbrance Details:Nil as per Bank's record
The property is located in Kakkanad, a prime area of Ernakulam, and consists of land with a building, making it a valuable asset. The reserve price appears reasonable. Given the location and property type, this auction presents a strong investment opportunity.
Branch:Branch Office : ZONAL OFFICE, ERNAKULAM
Service Provider:BAANKNET
Contact Details:
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