Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:610372
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:ibapi.in
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This SARFAESI auction features a prime residential property consisting of land and a building located in Kanayannur Taluk, Ernakulam, Kerala. This is an excellent opportunity to acquire a valuable asset in a sought-after location. The property is ideal for residential use and presents significant potential for discerning buyers. Take advantage of this unique offering from Indian Bank.
State:Kerala
City:Ernakulam
Area:Kanayannur Taluk
Asset Category:Residential
Full Address:Re. Sy No.365/1/14, Black No.9, Kakkanad Village, Kanayannur Taluk, Kakkanad, Ernakulam
Size:1.76 ares
Auction Description
Indian Bank presents a SARFAESI auction for a land and building property in Kanayannur Taluk, Ernakulam, Kerala. The auction has a reserve price of INR 85,00,000 and requires an EMD of INR 8,50,000. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. This is a direct opportunity to bid on a valuable residential asset.
Borrower Name:Mr. Suresh Kumar Balakrishnan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sreelakshmi P S
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil as per Bank's record
Why This Property
Located in the developing area of Kakkanad, Ernakulam, this land and building offers a solid investment opportunity. The reserve price is reasonable, and the clear title makes it a strong contender for potential buyers. Given the location and property type, it warrants a 'Strong Buy' recommendation.
Contact Details
Branch:Branch Office : ZONAL OFFICE, ERNAKULAM
Service Provider:ibapi.in
Contact Details:
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