Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610492
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹1,07,03,000
EMD:₹10,70,300
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
A valuable plot of land located in Kunnathunadu, Ernakulam, Kerala. This residential land parcel offers a prime opportunity for development in a sought-after region. The property is being auctioned by IDBI Bank under the SARFAESI Act.
State:Kerala
City:Ernakulam
Area:Kunnathunadu
Asset Category:Residential
Full Address:PMC VII/350, Re Sy No 63 & Block No 84 (Old Sy No 253/6-1) and building therein No PMC VII/350 of Perumbavoor Village, Kunnathunadu, Ernakulam
Size:2.05 Ares
Auction Description
IDBI Bank is conducting a SARFAESI auction for a 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 asset is INR 1,07,03,000, with an Earnest Money Deposit (EMD) of INR 10,70,300 required. This is an excellent opportunity to acquire property in a developing area.
Borrower Name:M/s AB Associates
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Ashadevi NV, Shri Baiju P K
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land offers a decent opportunity due to its location in Ernakulam. The reserve price seems reasonable. Symbolic possession adds a layer of complexity, requiring careful due diligence.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:+918291220220
