Property for Auction in Kothamangalam, Ernakulam, Kerala
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613543
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹35,50,000
EMD:₹3,55,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Submission Date:10-12-2025
Bid Start Date:11-12-2025
This bank auction presents a valuable opportunity to acquire land and a building in Kothamangalam, Ernakulam, Kerala. The property, categorized as residential, is being auctioned by Canara Bank under SARFAESI rules. Located in a key area, it offers potential for both personal use and investment. The asset was formerly associated with M/s. Sila Marbles. This is a prime chance to own a property in a developing region of Kerala.
State:Kerala
City:Ernakulam
Area:Kothamangalam
Asset Category:Residential
Full Address:No.4/94 of Nellikuzhy Gram Panchayath, Kothamangalam Taluk, Thrikkariyoor Village, Ernakulam
Size:7 cents
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in Kothamangalam, Ernakulam, Kerala. The auction will take place on December 11, 2025, commencing at 10:30 AM and concluding at 11:30 AM. The reserve price for this residential asset is ₹35,50,000, with an Earnest Money Deposit (EMD) of ₹3,55,000 required to participate. Interested bidders should ensure all pre-auction formalities are completed before the specified auction period.
Borrower Name:M/s. Sila Marbles
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Joy CP
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property is located in Kothamangalam, Ernakulam, a potentially attractive location. Given the reserve price of ₹3,550,000 and the nature of land and building, further investigation is warranted to assess its true investment potential. The auction terms seem standard, making it a calculated opportunity for interested buyers.
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072/2353071