80 sq meter Commercial Building for Auction in Punalur, Kollam – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

80 sq meter (≈ 861 sq ft)

Reserve price / sq ft

₹5,854

Locality

Punalur

City

Kollam

State

Kerala

Pincode

689696

Address

Punalur, Kerala, 689696 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

PATHANAMTHITTA-II-14800

Auction type

SARFAESI Auction

Borrower

COMPUTER W****

Auction start

30 Nov 2026, 11:30 AM

Auction end

30 Nov 2026, 12:30 PM

EMD submission deadline

27 Nov 2026, 06:00 PM

Inspection

27 Nov 2026, 10:00 AM – 27 Nov 2026, 05:00 PM

Authorised officer

LEO FAUSTIN JOSEPH

Officer contact

9048881391

E-auction portal

BAANKNET (Property ID CNRB204427629)

Price Check

This listing's reserve price works out to ₹5,854 per sq ft. The average across commercial bank auctions in Kollam on our site is ₹9,787 per sq ft, so this one is 40% 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 27 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB204427629)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 06:00 PM. It is refunded if you don't win.
5. Bid online on 30 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.