Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611880
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE: ERNAKULAM
Reserve Price:₹95,20,000
EMD:₹9,52,000
Bid Increment:₹1,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-04-02
Property Description
This is a prime residential plot located in Aluva, Ernakulam, Kerala. The property is being auctioned by Canara Bank as part of a SARFAESI action. It offers a great opportunity for development or personal use in a well-connected area.
State:Kerala
City:Ernakulam
Area:Aluva
Asset Category:Residential
Full Address:Re. Sy. No. 224/1-4, Re. Sy. Block No. 32 of Keezhmad Village, Aluva Taluk, Ernakulam District, Keezhmad Village, Aluva
Size:9.11 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Aluva, Ernakulam. The auction will take place on November 29, 2025, from 11:00 AM to 02:00 PM. The reserve price is ₹95,20,000, with an EMD of ₹9,52,000. This is a direct opportunity to acquire the asset from the bank.
Borrower Name:Thevarath Ayur Wellness Centre
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a strategically located plot in a developing area of Ernakulam. The reserve price seems reasonable, but a thorough due diligence is recommended due to the symbolic possession and potentially unknown encumbrances. This represents a balanced opportunity with manageable risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE: ERNAKULAM
Service Provider:BAANKNET
Contact Details:
Sudeep Sasi
Contact no: —
