Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609864
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹1,63,00,000
EMD:₹16,30,000
Bid Increment:₹1
Auction Time:10:30 A.M. to 11:30 A.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-08
Property Description
This is a valuable plot of land located in Kunnathunadu, Ernakulam, Kerala, classified under the Residential asset category. The property is being auctioned by Canara Bank under the SARFAESI Act. It presents a compelling opportunity for development or investment in a sought-after region.
State:Kerala
City:Ernakulam
Area:Kunnathunadu
Asset Category:Residential
Full Address:Re Sy No. 85/4-3-2 (Old Sy.No.2/4) Re Sy. Block No.44 of Aikkaranadu North Village, Kunnathunad Taluk, Ernakulam District, Aikkaranadu North Village, Ernakulam
Size:9.50 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a prime plot of land in Kunnathunadu, Ernakulam, Kerala. The auction will take place on December 8, 2025, from 10:30 AM to 11:30 AM. The reserve price for this residential land is INR 1,63,00,000, with an Earnest Money Deposit (EMD) of INR 16,30,000 required to participate. This is a direct opportunity to acquire property through a bank auction.
Borrower Name:M/s Genuine Agro Spices
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:*As per Encumbrance Certificate subsequent to mortgage with the Bank, out of the above property, part of it has been given as gift as vide 4 Gift Deeds registered as Document No. 9781/2023, 9784/2023, 9786/2023 and 9779/2023, which is pending legal action.
Why This Property
The land offers potential in a developing area of Ernakulam. The presence of encumbrances and ongoing legal action related to gift deeds warrants caution, suggesting a calculated opportunity for investors willing to navigate legal complexities. The relatively lower entry cost via auction may compensate for the associated risks.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072/2353071
