Property for Auction in Ollukkara, Thrissur, Kerala
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613078
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹47,00,000
EMD:₹4,70,000
Bid Increment:₹1
Auction Time:10:30 A.M. to 11:30 A.M.
Service Provider:BAANKNET
Submission Date:2025-12-05
Bid Start Date:2025-12-06
This offering is for a vacant plot of land located in Ollukkara, Thrissur, Kerala. Situated in a well-established area, this parcel presents a valuable opportunity for development. The land is identified as a residential asset and is part of a bank auction conducted by Canara Bank under SARFAESI Act provisions. Its strategic location in Thrissur, a city known for its cultural and commercial significance, makes it an attractive proposition for discerning buyers seeking to invest in real estate in this vibrant region of Kerala. The property is being auctioned with clear title and is ready for its next phase of development or utilization.
State:Kerala
City:Thrissur
Area:Ollukkara
Asset Category:Residential
Full Address:Sy. No. 868/1-7 & 868/1-6, Ollukkara Village, Ollukkara, Thrissur
Size:4.45 Ares
Canara Bank is conducting a SARFAESI auction for a valuable plot of land in Ollukkara, Thrissur, Kerala. The auction is scheduled for December 6, 2025, commencing at 10:30 AM and concluding at 11:30 AM. The reserve price for this residential land parcel is set at INR 47,00,000, with an Earnest Money Deposit (EMD) of INR 4,70,000 required to participate. This auction presents a prime opportunity to acquire a significant land asset in a developing area of Thrissur. Interested parties are encouraged to review all auction terms and conditions provided by Canara Bank. This is a chance to own a piece of Kerala's real estate market through a transparent and regulated process.
Borrower Name:M/s Chemik Chemicals
Auction Type:SARFAESI Auction
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The land in Ollukkara presents a calculated opportunity due to its location and the bank auction terms. While not a prime investment, the reserve price could offer potential value. Further due diligence is recommended.
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072