Land for auction Puthencruze Ernakulam 9 Cr South Indian Bank

Property for Auction in Kunnathunad Taluk, Ernakulam, Kerala

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
330.60 Ares
Reserve Price
9,00,00,000
Reserve Price
9,00,00,000
EMD Required
90,00,000
Property Specifications
Size330.60 Ares
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Kunnathunad Taluk, Ernakulam
Auction Date IconAuction Date:
25-11-2025 12:00 PM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:609874

Bank Name:South Indian Bank

Branch Name:Regional Office Thirssur : Platinum Jubilee Building

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

A prime parcel of land located in the Kunnathunad Taluk of Ernakulam, Kerala. This residential land offers a significant opportunity for development or investment in a sought-after region. The property is part of a SARFAESI auction conducted by South Indian Bank, associated with the borrower M/s Atlas Jewellery Private Limited.

State:Kerala

City:Ernakulam

Area:Kunnathunad Taluk

Asset Category:Residential

Full Address:Block No.38 of Puthencruze Village, Puthencruze, Ernakulam

Size:330.60 Ares

Auction Description

South Indian Bank presents a SARFAESI auction for a valuable land parcel in Kunnathunad Taluk, Ernakulam. The auction has a reserve price of ₹9,00,00,000 and an EMD of ₹90,00,000. Bidding will take place online on November 25, 2025, between 12:00 PM and 01:00 PM. Don't miss this chance to acquire a significant asset in Kerala.

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 R I 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 property is a significant land parcel in Ernakulam, Kerala, offered at a substantial reserve price. While the location presents development potential, the identified encumbrances warrant careful due diligence. The auction terms are standard, making it a calculated opportunity for informed investors.

Contact Details

Branch:Branch Office : Regional Office Thirssur : Platinum Jubilee Building

Service Provider:bankauctions.in

Contact Details:

Contact no:70121258120

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