Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613531
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹78,00,000
EMD:₹7,80,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a residential land and building located in the serene area of Vaikom, Kottayam, Kerala. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents a unique opportunity for buyers seeking a property in a well-connected and developing region. The asset category is residential, making it suitable for home ownership or investment.
State:Kerala
City:Kottayam
Area:Vaikom
Asset Category:Residential
Full Address:Sy.No.41/14-1-1 of Naduvile village, Vaikom Taluk, Kottayam District, Naduvile village, Vaikom
Size:5.46 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Vaikom, Kottayam, Kerala. The auction will commence on November 27, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price for this auction is INR 78,00,000, with an Earnest Money Deposit (EMD) of INR 7,80,000 required. This is a prime opportunity to acquire a valuable asset in a desirable location.
Borrower Name:Sri Sivan S
Auction Type:SARFAESI Auction
Guarantor Names:Sri Minimol C P
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Vaikom presents a decent investment opportunity due to its land and building combination. The reserve price appears reasonable for the location and size, but further due diligence is needed to assess market value and potential returns. Auction terms seem standard, warranting a calculated approach.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072/2353071
