Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611883
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹40,48,000
EMD:₹4,04,800
Bid Increment:₹50,000
Auction Time:11.00 AM to 02.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-04-29
Property Description
This is a SARFAESI auction for a residential Land and Building property located in Cherthala, Alappuzha, Kerala. The property is being auctioned by Canara Bank. The borrower is M/s Vembanad Oil Mill. This is a unique opportunity to acquire a property in a prime location.
State:Kerala
City:Alappuzha
Area:Cherthala
Asset Category:Residential
Full Address:Re. Sy. No. 262/2-4-1, 262/2-1-2 & 262/2-4 in Thannermukkom North Village, Cherthala Taluk, Alappuzha District, Kerala, Thannermukkom North Village, Cherthala
Size:9.98 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Cherthala, Alappuzha, Kerala. The auction starts on November 29, 2025, at 11:00 AM and ends at 02:00 PM on the same day. The reserve price is INR 40,48,000, with an EMD of INR 4,04,800. Don't miss this chance to bid on this valuable asset.
Borrower Name:M/s Vembanad Oil Mill
Auction Type:SARFAESI Auction
Guarantor Names:K/ V Viswambharan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Cherthala presents a calculated opportunity due to its location and residential building. The reserve price and auction terms suggest potential for value appreciation, but further due diligence is recommended given it's a symbolic possession and any encumbrances are unknown to the bank.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Contact no: —
