Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612106
Bank Name:Federal Bank
Branch Name:LCRD / ERNAKULAM DIVISION
Reserve Price:₹85,00,000
EMD:₹8,50,000
Auction Time:11.00 AM
Service Provider:Public Auction
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a prime SARFAESI auction opportunity for a Land and Building asset located in Kunnathunadu, Ernakulam, Kerala. Previously owned by M/s Marina Mall, Mangalam, this residential property is being auctioned by Federal Bank. The property offers a blend of land and a constructed building, suitable for various residential or commercial purposes. Its location in Ernakulam, a rapidly developing district in Kerala, ensures good connectivity and potential for future appreciation. This is a fantastic chance to acquire a valuable asset in a sought-after region.
State:Kerala
City:Ernakulam
Area:Kunnathunadu
Asset Category:Residential
Full Address:PMC IV/118 (New PMC IV/1), Re.Sy. No. 4 (Old Sy. No. 240/6B/1) in Block No. 17, Perumbavoor Village, Kunnathunadu Taluk, Ernakulam District, Kerala State with Door No. PMC IV/118 (New PMC IV/1) of Perumbavoor Municipality and Re. Sy, No. 5 (Old Sy. No. 240/6B/1) in Block No. 17 of Perumbavoor Village, Kunnathunadu Taluk, Ernakulam District, Kerala State., Kunnathunadu, Ernakulam
Size:5.65 Ares
Auction Description
Federal Bank presents a SARFAESI auction for a Land and Building property in Kunnathunadu, Ernakulam, Kerala. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this enticing property is ₹8,500,000, with an Earnest Money Deposit (EMD) of ₹850,000 required. This is a unique opportunity to bid on a significant asset with clear title, offered by a reputable bank. Interested parties are encouraged to conduct their due diligence prior to the auction.
Borrower Name:M/s Marina Mall, Mangalam
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Bavakunju P K, Mr. Jolly T A, Mr. Salin Masood, Smt. Bushara
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property in Kunnathunadu, Ernakulam, presents a calculated opportunity. With a reserve price of ₹85,00,000, it could be a worthwhile investment depending on local market conditions and potential returns. Further due diligence is advised.
Contact Details
Branch:Branch Office : LCRD / ERNAKULAM DIVISION
Service Provider:Public Auction
Contact Details:
Contact no: —
