Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612578
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹4,55,79,000
EMD:₹45,57,900
Bid Increment:₹1,00,000
Auction Time:11:00 AM To 02:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2019-11-29
Property Description
A prime piece of land located in Kanayannur Taluk, Ernakulam, Kerala, is being auctioned by Canara Bank. This residential asset offers a significant investment opportunity in a well-sought-after area. The property is part of a SARFAESI auction, presenting a chance to acquire valuable land directly through the bank.
State:Kerala
City:Ernakulam
Area:Kanayannur Taluk
Asset Category:Residential
Full Address:R.Sy.No.940/2, 940/10, 940/15 (Old S.No.940/2-15-17) of Ernakulam Village, Kanayannur Taluk, Ernakulam District, Ernakulam Village, Ernakulam
Size:15.004 Cents
Auction Description
Canara Bank presents a SARFAESI auction for land in Kanayannur Taluk, Ernakulam, Kerala. The auction will commence on November 29, 2025, at 11:00 AM and conclude at 02:00 PM on the same day. The reserve price for this residential land is ₹4,55,79,000, with an Earnest Money Deposit (EMD) of ₹45,57,900 required. This is a direct opportunity to bid on a property formerly associated with M/s Manikandan Dunamics Pvt Ltd.
Borrower Name:M/s Manikandan Dunamics Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Manoharan A.V., Mrs. Latha Manoharan, Manoharan A.V., Latha Manoharan A.V.
Legal Details
Possession Status:Symbolic
Encumbrance Details:unspecified interest, further interest, costs, expenses, legal charges and other charges thereon
Why This Property
The land's location in Ernakulam, a significant urban center, presents a calculated investment opportunity. While the reserve price is substantial, the potential for appreciation in a developing area may offer a positive return. Due diligence regarding local market conditions and future development plans is crucial.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Manoharan A.V.
Contact no:04842780050
