Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613077
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹40,00,000
EMD:₹4,00,000
Bid Increment:₹1
Auction Time:10:30 A.M. to 11:30 A.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-05
Bid Start Date:2025-12-06
Property Description
This is a prime parcel of land located in the desirable Ollukkara area of Thrissur, Kerala. The property is categorized as residential and offers excellent potential for development. Situated in a well-connected region, this land presents a unique opportunity for investors or individuals looking to build their dream home or a profitable venture. Its strategic location in Thrissur ensures accessibility and convenience.
State:Kerala
City:Thrissur
Area:Ollukkara
Asset Category:Residential
Full Address:Sy. No. 868/1-6 & 868/1-7, Ollukkara village, Thrissur Taluk, Thrissur District, Ollukkara, Thrissur
Size:2.04 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable piece of land in Ollukkara, Thrissur, Kerala. The auction will take place on December 6, 2025, from 10:30 AM to 11:30 AM. The reserve price for this property is INR 40,00,000, with an Earnest Money Deposit (EMD) of INR 4,00,000 required to participate. This is a fantastic opportunity to acquire land through a transparent auction process managed by Canara Bank.
Borrower Name:M/s Chemik Chemicals
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ramachandran M, Mr. Roy CF
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, located in Ollukkara, Thrissur, presents a calculated opportunity due to its land type and relatively lower reserve price. While the location is not a prime metropolitan area, the auction terms and clear property details make it a worthwhile consideration for local investors. Potential buyers should assess the land's specific use and market value in the Thrissur area.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072
