6.99 cent Commercial Building for Auction in Kochi – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

6.99 cent (≈ 3,044 sq ft)

Reserve price / sq ft

₹1,062

Locality

—

City

Kochi

State

Kerala

Address

Item No.1 (a): All that part and parcel of land admeasuring 2.83 Ares (6.99 Cents) in Survey number 110/8-B-2 along with building and all other improvements, usufructs and all other easementary rights therein of Kottuvally Village, Parur Taluk, Ernakulam Dist more fully described in sale deeds 6365/2006 and 6366/2005 both dated 24/08/2006 of SRO Paravur in the name of Mr.Shaji Joseph, and BOUNDED as follows: North Property of Allikunju, South: Road, East: Property Saneer, West: Property of Abdul RahmanItem No.1 (b): All that part and parcel of land admeasuring 2.43 Ares (6 Cents) in survey number 110/8-8-2 along with building any, improvements, usufructs and all other easementary rights therein of Kottuvally Village, Parur Taluk, Ernakulam Dist. more fully described in Sale Deed 6365/2006 and 6356/2006 dated 24/08/2008 of SRO. Paravur in the name of Mr.Shaji Joseph, and BOUNDED as follows: North Property of Alikunju, South Road, East Property Saheer, West: Property of Abdul Rahiman. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

North Parur

Auction type

SARFAESI Auction

Borrower

Mr. S**** J*****

Auction start

27 Nov 2026

Auction end

27 Nov 2026, 11:00 AM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471332

Price Check

This listing's reserve price works out to ₹1,062 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹3,415 per sq ft, so this one is 69% 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 471332), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,23,300 before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.