Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610338
Bank Name:South Indian Bank
Branch Name:Regional Office Thrissur
Reserve Price:₹9,00,00,000
EMD:₹90,00,000
Bid Increment:₹10,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a prime land parcel located in Kunnathunadu, Ernakulam, Kerala, offered for auction by South Indian Bank. The property falls under the residential asset category and presents a significant investment opportunity in a developing area. Its accessibility and strategic location make it suitable for various residential development projects.
State:Kerala
City:Ernakulam
Area:Kunnathunadu
Asset Category:Residential
Full Address:Block No.38 of Puthencruze Village, Kunnathunadu, Ernakulam
Size:330.60 Ares
Auction Description
South Indian Bank is conducting a SARFAESI auction for land in Kunnathunadu, Ernakulam. The reserve price is ₹9,00,00,000, with an Earnest Money Deposit (EMD) of ₹90,00,000 required to participate. This is a timely opportunity to acquire valuable land in Kerala. The auction will take place on November 25, 2025, commencing at 12:00 PM and concluding at 01:00 PM.
Borrower Name:M/s Atlas Jewellery Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.M.Ramachandran, Mrs.Indira Ramachandran, Mrs.Manju, Mr. Srikanth, M/s Atlas Gold Townships (India) Private Limited, M/s Atlas Golden Land and Developers Private Limited, M/s RI Kanth Property Developers Private Limited
Legal Details
Possession Status:Symbolic
Encumbrance Details:Encumbrances from 01.01.1993 to 19/07/2024 as follows: Tax Recovery Officer dated 04.12.2018 (F210/2018)
Why This Property
The land's location in Ernakulam, Kerala, offers reasonable investment potential. The reserve price is relatively high, requiring a careful assessment of the market value. Given the location and auction terms, it presents a calculated opportunity for potential buyers.
Contact Details
Branch:Branch Office : Regional Office Thrissur
Service Provider:bankauctions.in
Contact Details:
Contact no:70121258120
