2,083 sq meter Commercial Building for Auction in Cherai, Pallipuram, Kedamangalam, Kochi – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

2,083 sq meter (≈ 22,421 sq ft)

Reserve price / sq ft

₹3,903

Locality

Cherai, Pallipuram, Kedamangalam

City

Kochi

State

Kerala

Pincode

683513

Address

CHERAI, PALLIPURAM, Kedamangalam, Kerala, 683513 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**** S***** & E*****

Auction start

24 Nov 2026, 10:30 AM

Auction end

24 Nov 2026, 11:30 AM

EMD submission deadline

24 Nov 2026, 10:00 AM

Inspection

13 Nov 2026, 11:00 AM – 13 Nov 2026, 04:00 PM

Authorised officer

AKHIL R

Officer contact

8547846150

E-auction portal

BAANKNET (Property ID CNRB320124994)

Price Check

This listing's reserve price works out to ₹3,903 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹3,415 per sq ft, so this one is 14% above 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 13 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB320124994)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 24 Nov 2026, 10:00 AM. It is refunded if you don't win.
5. Bid online on 24 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.