1,900 sq feet Commercial Building for Auction in Cheriyamundam, Malappuram – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

1,900 sq feet (≈ 1,900 sq ft)

Reserve price / sq ft

₹1,921

Locality

Cheriyamundam

City

Malappuram

State

Kerala

Pincode

676551

Address

Cheriyamundam, Kerala, 676551 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

ERNAKULAM SPECIALISED ARM BRANCH

Auction type

SARFAESI Auction

Borrower

M/s I***** T*****

Auction start

20 Nov 2026, 10:30 AM

Auction end

20 Nov 2026, 11:30 AM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

PAXY

Officer contact

7306119892

E-auction portal

BAANKNET (Property ID CNRB103576408A)

Price Check

This listing's reserve price works out to ₹1,921 per sq ft. The average across commercial bank auctions in Malappuram on our site is ₹3,961 per sq ft, so this one is 52% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB103576408A)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.