Land And Building for auction Kothamangalam Ernakulam 17 lakh Canara Bank

A prime residential property featuring land and a building, located in the well-connected area of Kothamangalam, Ernakulam, Kerala. This asset, previously under the borrower Sholy Eldho Kalarickal, presents a compelling opportunity for investment or personal use in a developing region. The property is categorized as residential, suitable for various development or living purposes. Its location in Ernakulam offers access to local amenities and infrastructure.

Canara Bank is conducting a SARFAESI auction for a residential land and building property in Kothamangalam, Ernakulam, Kerala. The auction will take place on November 29, 2025, commencing at 11:00 AM and concluding at 02:00 PM. The reserve price for this valuable asset is INR 16,64,000, with an Earnest Money Deposit (EMD) of INR 1,66,400 required to participate. This is a significant opportunity to acquire a property through a transparent banking auction process.

The property offers a decent opportunity considering its location in Ernakulam and residential nature. The reserve price seems reasonable; however, further due diligence is required to assess the overall investment potential and market value. The auction terms appear standard, warranting a calculated approach to bidding.