15.94 cent Office for Auction in Kochi – BOI

Property Details

Property type

Office (Commercial)

Possession

Not specified

Area

15.94 cent (≈ 6,942 sq ft)

Reserve price / sq ft

₹475

Locality

—

City

Kochi

State

Kerala

Pincode

682036

Address

OFFICE OF THE RECOVERY OFFICER D E B T S R E C O V E R Y T R I B U N A L - I ERNAKULAM 5 th Floor, K.S.H.B. Building, Panampilly Nagar, Ernakulam – 682036 □ 0484 –2324780 | e-mail: [email protected] PROCLAMATION OF SALE DRC No. 4594 e-Sale No 56/2026 PROCLAMATION OF SALE UNDER RULES 52, 53 & 54 OF SECOND SCHEDULE TO THE INCOME TAX ACT, 1961 READ WITH THE RECOVERY OF DEBTS AND BANKRUPTCY ACT, 1993 Bank of India Vs. Jaya Raju & another Whereas, (1) Jaya Raju, W/o P K Raju, 28/2686, Cherupuzhpam Lane-3, Elamkulam, Ernakulam, Kerala-682020 (2) P. K Raju, S/o Kunjunj, 28/2686, Cherupuzhpam Lane-3, Elamkulam, Ernakulam, Kerala-682020 ( also at Room No 403, 4th Floor, Landmark Enclave, S A Road, Pallimukku, Ernakulam, Kerala-682016) have failed to pay the sum of Rs. 35,34,855.77 (Rupees thirty five lakhs thirty four thousand eight hundred and fifty five and paisa seventy seven only), as on 08.07.2016, payable by them in respect of the Recovery Certificate No. 4594 in OA No.536/2014 issued by the Presiding Officer, Debts Recovery Tribunal-1, Ernakulam, and the interest and costs payable as per the Certificate. And whereas the undersigned has ordered the sale of the property mentioned in the schedule below in satisfaction of the said certificate. And whereas there will be due thereunder, a sum of Rs. 63,49,883.58 (Rupees sixty three lakhs forty nine thousand eight hundred eighty three and paisa fifty eight only) as on 18.09.2026. Besides, there shall be future interest, costs an View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Auction type

DRT Auction

Borrower

Jaya R*** & a*****

Auction start

19 Nov 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

Recovery Officer, Ernakulam DRT

Officer contact

—

E-auction portal

DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)

Price Check

This listing's reserve price works out to ₹475 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,749 per sq ft, so this one is 83% 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 (open notice).
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 (DEBTS RECOVERY TRIBUNAL ERNAKULAM(DRT 1)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,30,000 before —. It is refunded if you don't win.
5. Bid online on 19 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.