Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609753
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹15,08,000
EMD:₹1,51,000
Bid Increment:₹10,000
Auction Time:10:30 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:15-11-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
This offering presents a unique opportunity to acquire a Land and Building property located in Cherthala, Alappuzha, Kerala. The asset, formerly belonging to Sh. Sreejith PS, is being auctioned by Punjab National Bank under the SARFAESI Act. This residential property provides a solid foundation for investment or personal use in a well-connected region.
State:Kerala
City:Alappuzha
Area:Cherthala
Asset Category:Residential
Full Address:Re Sy. No. 330/5-4 in Block No 31 of Mararikulam North Village, Cherthala Taluk, Alappuzha District, Mararikulam North Village, Cherthala
Size:3.89 Ares
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a Land and Building property in Cherthala, Alappuzha, Kerala. The auction will take place on November 17, 2025, starting at 10:30 AM and concluding at 5:00 PM. The reserve price for this residential asset is ₹15,08,000, with an Earnest Money Deposit (EMD) of ₹1,51,000 required to participate. This is a prime opportunity to bid on a valuable property.
Borrower Name:Sh. Sreejith PS
Auction Type:SARFAESI Auction
Guarantor Names:Sh. V K Sasidharan Nair
Legal Details
Possession Status:Symbolic
Encumbrance Details:NI
Why This Property
The property is a land and building in a developing area. The reserve price seems reasonable. However, potential buyers should conduct thorough due diligence.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no:0471-2960608
