128.5 cent Shop for Auction in Kochi – SIB

Property Details

Property type

Shop (Commercial)

Possession

Not specified

Area

128.5 cent (≈ 55,974 sq ft)

Reserve price / sq ft

₹214

Locality

—

City

Kochi

State

Kerala

Address

All the part and parcel of land admeasuring 128.50 Cents and all other improvements therein comprised in Re Sy. No. 285/1 situated in Alanallur Village Mannarkkad Taluk, Palakkad District in the name of Mr. Mohammed Unni, more particularly described in Gift Deed No. 157/2014 dated 18.01.2014 of SRO Alanallur BOUNDED ON: North Pasakok Ummer, East Property of Kanthiyan Amma, South Shop property of Hussain and Property of Mohammed Abdu, West Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

23 Nov 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471241

Price Check

This listing's reserve price works out to ₹214 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,726 per sq ft, so this one is 92% 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 (AuctionTiger · Auction ID 471241), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 23 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.