Property for Auction in Paravur Taluk, Ernakulam, Kerala
Auction ID:538379
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹38,29,000
EMD:₹3,82,900
Service Provider:BAANKNET
Submission Date:30-07-2025 04:00 PM
Bid Start Date:31-07-2025 10:30 AM
Located in the vibrant Paravur Taluk of Ernakulam District, Kerala, this property offers a compelling prospect for new homeowners and investors alike. Spanning 2.91 Ares (approximately 3132 square feet) in Sy.No.249/14-1 of Moothakunnam Village, it includes a residential building, promising a ready-to-occupy dwelling or a canvas for renovation. The land itself holds significant potential for development or expansion, situated within a well-regarded area of Ernakulam, known for its accessibility and growing infrastructure. The property is described as being bounded according to Deed No 3078/2010 of Paravur SRO, indicating clear title and established property lines. The asset category is residential, and the property type is land, suggesting a versatile usage for building a dream home or undertaking a profitable real estate venture in a desirable locale.
State:Kerala
City:Ernakulam
Area:Paravur Taluk
Asset Category:Residential
This auction presents a unique opportunity to acquire a residential property through a SARFAESI sale conducted by Canara Bank. The bidding will commence on July 31, 2025, starting at 10:30 AM and concluding at 11:30 AM on the same day. Interested buyers are required to submit their applications by 4:00 PM on July 30, 2025. The earnest money deposit (EMD) is set at ₹3,82,900, which is 10% of the reserve price of ₹38,29,000. This process is managed by BAANKNET, a service provider facilitating bank auctions. Potential bidders are strongly advised to thoroughly review all terms and conditions associated with SARFAESI auctions and to conduct their own due diligence regarding the property's legal status, encumbrances, and physical condition prior to the auction date. For any queries or further information, prospective buyers can contact the ARM Branch of Canara Bank in Ernakulam at 0484-2353072 or 0484-2353071.
Borrower Name:Sri George Biju P
Auction Type:SARFAESI Auction
Contact (Ph. No. 0484-2353072/2353071)