Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613085
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹47,00,000
EMD:₹4,70,000
Bid Increment:₹1
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 is a SARFAESI auction of a Land and Building asset in Muvattupuzha, Ernakulam, Kerala. The property is categorized as residential and was formerly associated with the borrower M/s. Genx Automation. This is a bank auction conducted by Canara Bank.
State:Kerala
City:Ernakulam
Area:Muvattupuzha
Asset Category:Residential
Full Address:Sy.No.763/13 of Piravom Village, Muvattupuzha Taluk, Ernakulam District, Muvattupuzha, Ernakulam
Size:20.43 Ares
Auction Description
Canara Bank is holding a SARFAESI auction for a Land and Building property in Muvattupuzha, Ernakulam. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is ₹47,00,000, with an Earnest Money Deposit (EMD) of ₹4,70,000 required to participate. This is a great opportunity to acquire a residential property in Kerala.
Borrower Name:M/s. Genx Automation
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment potential due to its location in Ernakulam and the presence of both land and a residential building. The reserve price is reasonable, but potential investors should conduct thorough due diligence and consider the symbolic possession status before bidding. This represents a calculated opportunity rather than a guaranteed high-return investment.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072/2353071
