Property Type:
Location:
Auction Date: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
