Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610757
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹73,00,000
EMD:₹7,30,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-13
Bid Start Date:2025-12-15
Property Description
This bank auction features a prime Land and Building property located in Kottarakkara, Kollam, Kerala. The asset, previously owned by Mr. Sabu Mammen, is categorized as residential and is being auctioned by Canara Bank under SARFAESI guidelines. This is an excellent opportunity to acquire property in a well-known area of Kerala.
State:Kerala
City:Kollam
Area:Kottarakkara
Asset Category:Residential
Full Address:Re Survey No. 384/5-2, Block No 20, Vettikavala Village, Kottarakara Thaluk, Kollam District, Vettikavala Village, Kollam
Size:6.07 Ares
Auction Description
Canara Bank presents a SARFAESI auction for a Land and Building property in Kottarakkara, Kollam, Kerala. The auction will take place on December 15, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹73,00,000, with an Earnest Money Deposit (EMD) of ₹7,30,000 required. This auction offers a transparent and regulated process for acquiring the specified asset.
Borrower Name:Mr. Sabu Mammen
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Bindhu Sabu Mammen
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable opportunity given its location in Kottarakkara and the residential nature of the land and building. The reserve price appears fair, but potential investors should conduct thorough due diligence. Inspection is recommended before bidding.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:0471-2324797
