Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609755
Bank Name:Punjab National Bank
Branch Name:Circle Office
Reserve Price:₹4,50,000
EMD:₹45,000
Bid Increment:₹10,000
Auction Time:10.30 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:15-11-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
Discover a prime land parcel in Chengannur, Alappuzha, Kerala, offered by Punjab National Bank. This residential land presents a unique opportunity for development or investment in a sought-after location. The property is part of a SARFAESI auction, formerly belonging to Shri. Ratheesh Kumar KK. The reserve price is set at ₹4,50,000, with an Earnest Money Deposit (EMD) of ₹45,000 required.
State:Kerala
City:Alappuzha
Area:Chengannur
Asset Category:Residential
Full Address:Kochuthekkethil House, Cheriyanad Padinjattu Muri, Cheriyanad, Chengannur, Alappuzha
Size:2.43 Ares
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land property in Chengannur, Alappuzha, Kerala. Bidding opens on November 17, 2025, at 10:30 AM and closes at 05:00 PM on the same day. The auction commences with a reserve price of ₹4,50,000. Prospective bidders must submit an EMD of ₹45,000. This is an excellent chance to acquire a land asset through a transparent auction process managed by the bank.
Borrower Name:Shri. Ratheesh Kumar KK
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
This land in Chengannur presents a calculated opportunity due to its relatively low reserve price and location. While not a prime investment, its affordability makes it a potential buy for those familiar with the local market. Further due diligence is advised.
Contact Details
Branch:Branch Office : Circle Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
