Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610491
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹92,97,000
EMD:₹9,29,700
Auction Time:11.00 am to 12.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This auction features a prime piece of land located in Kunnathunadu, Ernakulam, Kerala. Ideal for residential development, this property offers a significant opportunity for investors and builders in a sought-after region. The land is being auctioned by IDBI Bank under the SARFAESI Act.
State:Kerala
City:Ernakulam
Area:Kunnathunadu
Asset Category:Residential
Full Address:Re Sy No 69/1-5 & 69/1-4 of Block No 5, (Old Sy No 645/4/1,4/2 & 4/3), Kodanad Village, Ernakulam
Size:52.83 Ares
Auction Description
IDBI Bank is conducting a SARFAESI auction for a residential land parcel in Kunnathunadu, Ernakulam, Kerala. The auction will take place on December 10, 2025, from 11:00 AM to 12:00 PM. The reserve price for this valuable asset is ₹92,97,000, with an Earnest Money Deposit (EMD) of ₹9,29,700. Don't miss this chance to acquire a strategic piece of real estate.
Borrower Name:M/s AB Associates
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Ashadevi NV, Shri Baiju P K
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location and size. The land's reserve price and associated EMD should be carefully considered against potential returns and market conditions. The auction terms and inspection dates are crucial elements for due diligence.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:BAANKNET
Contact Details:
Contact no:+918291220220
