50 cent Land & Building for Auction in Kochi – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

50 cent (≈ 21,780 sq ft)

Reserve price / sq ft

₹744

Locality

—

City

Kochi

State

Kerala

Address

All that part and parcel of lands admeasuring 50 cents along with all other improvements, usufructs comprised in Old S.No. 380/3, Re.S.No.380/19 of Muttil North Village, Vythiri Taluk, Wayanad more fully described in Pattayam Right Assignment Deed 1250/2016 and 1251/2016 both dated 12.05.2016 both registered with SRO Vythiri owned by Ibrai K bounded on:North by: RoadEast by: Property of Prince FrancisSouth by: RoadWest by: property of Jyothi View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Mananthavady

Auction type

SARFAESI Auction

Borrower

Mr.Ibrai K

Auction start

06 Oct 2026, 11:45 AM

Auction end

06 Oct 2026, 12:45 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2395193

Price Check

This listing's reserve price works out to ₹744 per sq ft. The average across residential bank auctions in Kochi on our site is ₹4,416 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.

Previous Auctions of This Property

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 (bankauctions.in (4Closure) · Listing 2395193), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹16,20,000 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 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.