Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613498
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹2,64,00,000
EMD:₹26,40,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a valuable land and building property located in the Meenachil area of Kottayam, Kerala. The asset category is residential, offering a prime opportunity for investment or personal use in a sought-after location. The property is being auctioned by Canara Bank under SARFAESI rules.
State:Kerala
City:Kottayam
Area:Meenachil
Asset Category:Residential
Full Address:6/292-A, Re Sy Block-21, Re Sy no. 575/1-1 (Old Sy No.180/11, 180/12 and 180/13) of Payyapar Desom, Ward 6, Lalam Village, Lalam Village, Kottayam
Size:56.44 Ares
Auction Description
Canara Bank presents a SARFAESI auction for a residential land and building in Meenachil, Kottayam, Kerala. The auction will take place on November 25, 2025, with bidding open from 10:30 AM to 11:30 AM. The reserve price for this significant asset is ₹2,64,00,000, with an Earnest Money Deposit (EMD) of ₹26,40,000 required to participate.
Borrower Name:M/s. Genesis Jewelcraft Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mahesh M Babu, Mr. Deepak T Pottackal, Mrs. Nima Deepak, Mr.M M Babu, Mrs. Tilvy Thomas
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable land and building in Kottayam, offered at a considerable reserve price. While the location is not a major metropolitan area, the property's size and building offer potential. Interested investors should carefully assess the market value and consider the auction terms.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072
