Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610083
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE, ERNAKULAM
Reserve Price:₹53,00,000
EMD:₹5,30,000
Bid Increment:₹5,000
Auction Time:11.00 AM to 12.00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
Prime plot of land situated in Kothamangalam, Ernakulam, Kerala. This residential land offers a significant opportunity for development or investment in a sought-after location. Its proximity to essential amenities and transport links makes it an attractive proposition. The property is being auctioned by South Indian Bank as part of a SARFAESI auction. Ideal for buyers looking to acquire land in a developing region.
State:Kerala
City:Ernakulam
Area:Kothamangalam
Asset Category:Residential
Full Address:IX/153, Door No. IX/153 of Pothanicad Panchayath, Pothanicad, Kothamangalam
Size:13.76 Ares
Auction Description
South Indian Bank is conducting a SARFAESI auction for a valuable plot of land in Kothamangalam, Ernakulam. The auction will take place on 26-11-2025, with bidding open from 11:00 AM to 12:00 PM. The reserve price for this asset is ₹53,00,000, with an Earnest Money Deposit (EMD) of ₹5,30,000 required to participate. This is a unique chance to acquire a land parcel directly from the bank. Interested parties are encouraged to review all auction terms and conditions.
Borrower Name:Mr Tom Jose
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Saly Jose, Mrs. Teena Ann Thomas
Legal Details
Possession Status:Physical
Encumbrance Details:An entry dated 31-01-2024 by Munsiff Court Kothamangalam in favor of Farmers Co. op. Bank Pothanicad. However, these are subsequent encumbrances after the date of Mortgage of the same properties and hence the bank being secured creditor has first charge by way of priority over the said properties and the sale proceeds thereof.
Why This Property
Located in Kothamangalam, this land offers moderate investment potential. The reserve price seems reasonable for the area and size, but prospective buyers should investigate the encumbrances and legal aspects thoroughly. This property is a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : REGIONAL OFFICE, ERNAKULAM
Service Provider:bankauctions.in
Contact Details:
Authorised Officer, (Chief Manager)
Contact no:9597493136
