Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:598694
Bank Name:Canara Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Reserve Price:₹72,00,000
EMD:₹7,20,000
Bid Increment:₹1,00,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-27
Bid Start Date:2025-10-27
Property Description
This is a land parcel located in Ettumannoor, Kottayam, Kerala. The property is being auctioned by Canara Bank under SARFAESI rules. It is categorized as residential land. The auction presents an opportunity to acquire property in a well-known area of Kottayam. Details regarding the exact dimensions and boundaries will be provided in the official auction documents.
State:Kerala
City:Kottayam
Area:Ettumannoor
Asset Category:Residential
Full Address:ITEM No: I Kottayam District, Ettumannoor Sub-District, Kottayam Taluk, Arpookkara Village, Arpookkara Kara, Pandaravakapattam Inam, Old SF No: 14/2A, Block No:6, Re Survey No: 504/5-2, 504/5-7, 504/15,504/5-5, 504/14-2, ITEM No: II Kottayam District, Ettumannoor Sub-District, Kottayam Talux, Arpookkara Village, Arpookkara Kara, Pandaravakapattam Inam, Old Survey No: 14/2A, Block No: 6, Re Survey No: 504/4-1, Ettumannoor, Kottayam
Size:0.68, 0.10, 1.70, 1.09, 0.55, 05.77 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land property in Ettumannoor, Kottayam. The reserve price is set at ₹72,00,000, with an Earnest Money Deposit (EMD) of ₹7,20,000 required to participate. The auction will take place on October 27, 2025, commencing at 11:30 AM and concluding at 12:30 PM. This is a direct sale from the bank following SARFAESI guidelines.
Borrower Name:M/s Prisma Knitwear
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Johnson George, Mrs. Jessymol Ulahannan, Mr. Balasarveshwar, Mr.A.Alisher, Mrs. Rahitha Sulthana, Mrs.R.Anarkali, Mr.Shanawaz Akbar, Johnbasha A, Mr.Johnson George
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers potential due to its location in Ettumannoor, Kottayam, but requires careful evaluation given it's a land parcel being auctioned. The reserve price should be compared against market rates for similar properties in the area. Auction terms seem standard, making it a 'Calculated Opportunity'.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH, COIMBATORE
Service Provider:BAANKNET
Contact Details:
Contact no:9489043584
