Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614407
Bank Name:Canara Bank
Branch Name:ARM BRANCH : Secundrabad
Reserve Price:₹92,20,000
EMD:₹9,22,000
Bid Increment:₹50,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-28
Property Description
This is a bank auction property featuring a commercial shop located in Chengannur, Alappuzha, Kerala. The property is being auctioned by Canara Bank. It presents a promising opportunity for business or investment in a commercial hub. The asset category is commercial, and the property type is specifically a commercial shop.
State:Kerala
City:Alappuzha
Area:Chengannur
Asset Category:Commercial
Full Address:Venmoney Village, Chengannur taluk, Alappuzha, district, Kerala State, Chengannur, Alappuzha
Size:944.15 sq. yards
Auction Description
Canara Bank is conducting a SARFAESI auction for a commercial shop in Chengannur, Alappuzha, Kerala. The auction will take place on 28-11-2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price is set at 92,20,000, with an Earnest Money Deposit (EMD) of 9,22,000. This auction offers a direct opportunity to acquire a commercial asset through a bank-initiated sale process.
Borrower Name:M/s GETECH EQUIPMENTS INTERNATIONAL PRIVATE LIMITED
Auction Type:SARFAESI Auction
Guarantor Names:Sri K.P.V. Nair, Smt. Geetha V.Nair
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial shop in a developing area of Kerala, offered at a reasonable reserve price. While not a 'Prime Investment', it presents a 'Calculated Opportunity' for investors looking for potentially good returns. Auction terms are standard, and the location has moderate growth prospects.
Contact Details
Branch:Branch Office : ARM BRANCH : Secundrabad
Service Provider:BAANKNET
Contact Details:
Contact no:040-27725283/260/259
