Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610471
Bank Name:IDBI Bank
Branch Name:Retail Recovery
Reserve Price:₹15,90,000
EMD:₹1,59,000
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 is a bank auction property located in Perumbavoor, Ernakulam, Kerala. The property is a plot of land categorized as residential. It is part of a SARFAESI auction initiated by IDBI Bank. The land is situated in a key area of Ernakulam district, offering potential for development or investment.
State:Kerala
City:Ernakulam
Area:Perumbavoor
Asset Category:Residential
Full Address:Re Sy No 72/2-11 of Block No 39. (Old Sy No 363/2) of Perumbavoor Village of Perumbavoor Sub District, Emakulam District, Perumbavoor, Ernakulam
Size:2.71 Ares
Auction Description
IDBI Bank is conducting a SARFAESI auction for a residential land parcel in Perumbavoor, Ernakulam, Kerala. The auction will take place on December 10, 2025, from 11:00 AM to 12:00 PM. The reserve price for this auction is ₹15,90,000, with an Earnest Money Deposit (EMD) of ₹1,59,000 required. This is a prime opportunity to acquire land in a developing region of Kerala.
Borrower Name:Smt Ashadevi NV
Auction Type:SARFAESI Auction
Guarantor Names:Smt Lakshmi G Menon, Mr. Saurav Menon
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
This land in Perumbavoor presents a calculated opportunity due to its location and reasonable reserve price. While the location is promising, further due diligence on local market conditions is advised before bidding. The auction terms seem standard, making it a viable option for investors with a moderate risk appetite.
Contact Details
Branch:Branch Office : Retail Recovery
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
