Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614411
Bank Name:Canara Bank
Branch Name:ARM BRANCH : Secundrabad
Reserve Price:₹1,21,00,000
EMD:₹12,10,000
Bid Increment:₹1,00,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-28
Property Description
This auction features a prime piece of land located in Chengannur, Alappuzha, Kerala. Ideal for residential development, this asset is part of a SARFAESI auction conducted by Canara Bank. Situated in a well-connected area, the land offers significant potential for discerning buyers.
State:Kerala
City:Alappuzha
Area:Chengannur
Asset Category:Residential
Full Address:Venmony Village, Chengannur Taluk, Allappuzha District, Kerala, Chengannur, Alappuzha
Size:47.65 Ares
Auction Description
Canara Bank presents a SARFAESI auction for a valuable land parcel in Chengannur, Alappuzha. The auction will be held online on November 28, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹1,21,00,000, with an Earnest Money Deposit (EMD) of ₹12,10,000. This is a unique opportunity to acquire a significant asset in Kerala.
Borrower Name:M/s GETECH EQUIPMENTS INTERNATIONAL PRIVATE LIMITED
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Geetha V Nair, Sri. K.P.V.Nair
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land's location in Chengannur, Kerala, offers moderate investment potential. The reserve price and EMD seem reasonable, presenting a calculated opportunity for interested buyers. However, potential investors should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : ARM BRANCH : Secundrabad
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:040-27725283
