Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613573
Bank Name:Central Bank of India
Branch Name:KOCHI REGIONAL OFFICE
Reserve Price:₹30,21,000
EMD:₹3,03,000
Service Provider:BAANKNET
Important Dates
Submission Date:14-12-2025 05:00 PM
Bid Start Date:15-12-2025 10:00 AM
Property Description
This is a SARFAESI auction property located in Cherthala, Alappuzha, Kerala, offered by the Central Bank of India. The asset category is residential, comprising of land and a building, previously belonging to Mr. Jayakumar. The property is situated in a well-known area within Alappuzha.
State:Kerala
City:Alappuzha
Area:Cherthala
Asset Category:Residential
Full Address:Sy. No. 242/1 & 242/1/2, Panavally Panchayath, Panavally Village, Cherthala Taluk, Alappuzha District, Panavally, Alappuzha
Size:2.83 Ares
Auction Description
Central Bank of India is conducting a SARFAESI auction for a residential land and building in Cherthala, Alappuzha, Kerala. The auction is scheduled for December 15, 2025, starting at 10:00 AM and ending at 6:00 PM on the same day. The reserve price for this auction is ₹30,21,000.00, with an Earnest Money Deposit (EMD) of ₹3,03,000.00 required to participate. This is a valuable opportunity to acquire a property through a bank auction.
Borrower Name:Mr. Jayakumar
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This property represents a calculated opportunity due to its location in Alappuzha and the land's potential. The reserve price appears reasonable given the area, but further due diligence is recommended to assess local market conditions and potential for appreciation. Auction terms should be carefully reviewed before bidding.
Contact Details
Branch:Branch Office : KOCHI REGIONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Contact no: —
