171.36 cent Commercial Building for Auction in Kochi – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

171.36 cent (≈ 74,644 sq ft)

Reserve price / sq ft

₹79

Locality

—

City

Kochi

State

Kerala

Address

All that part and parcel of the land admeasuring 69.35 Ares[171.36 Cents] along with a building having built in area of abount 83 m2 and bearing door number III/330B of padingarethara Grama panchayath and all other constructions improvements easementary rights existing and appurtenant thereon situated in Re Sy No.61/3,61/6 and 61/10 of Padinjarethara Village, Vythiri Taluk Wayanad District and owned by Mr Munavar Shajin K M, more fully described in Jenmam Assignment Deed no 540/2015 dated 07.03.2015 of SRO Vellamunda and bounded on North by property of Sasi and Balan East by Property of Paulose, South By Property of Sreenivasan, common Road and Temple and West by Panchayath Road, Common Road and Temple View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

26 Nov 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471609

Price Check

This listing's reserve price works out to ₹79 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹3,415 per sq ft, so this one is 98% 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 471609), 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 26 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.