Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611832
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹30,05,000
EMD:₹3,00,500
Bid Increment:₹50,000
Auction Time:11:00 AM to 02:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-05
Property Description
This offering features a Land and Building property located in Muvattupuzha, Ernakulam, Kerala. Situated in a prominent area, this asset presents a compelling opportunity for residential development or investment. The property is part of a SARFAESI auction conducted by Canara Bank.
State:Kerala
City:Ernakulam
Area:Muvattupuzha
Asset Category:Residential
Full Address:Sy.No.s 90/4-2-2, 90/4-2, 90/5-3, Koothattukulam Village, Muvattupuzha Taluk, Ernakulam District, Koothattukulam, Muvattupuzha
Size:4.86 Ares
Auction Description
Canara Bank is holding a SARFAESI auction for a Land and Building property in Muvattupuzha, Ernakulam, Kerala. The auction will take place on December 5, 2025, from 11:00 AM to 02:00 PM. The reserve price is set at ₹3,005,000, with an Earnest Money Deposit (EMD) of ₹300,500 required. This is a unique chance to acquire a residential asset in a desirable location.
Borrower Name:Mr. Gimmy Karackal Narayanan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Ammini Narayanan
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building in Muvattupuzha, offers moderate investment potential. The reserve price seems reasonable, but potential buyers should carefully assess the location and market conditions. This opportunity is best suited for investors comfortable with a calculated risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8281990082
