203.02 cent Commercial Building for Auction in Thrissur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

203.02 cent (≈ 88,435 sq ft)

Reserve price / sq ft

₹161

Locality

—

City

Thrissur

State

Kerala

Address

All that piece and Parcel of land having an extent of 82.16 Ares (Approximately equivalent to 203.02 Cents) with all rights and improvements thereon situated in Porkulam Panchayath in Survey No. 260/1P in Porkulam Village, Thalappilly Taluk, Thrissur District, owned by Mr Nooruheen Shah and more fully mentioned in Sale Deed No. 3223 of 2008 dated 14/10/2008 registered at Sub Registrar Office, Akkikavu and bounded on North by Property of Pavunny, South by Road and Property of Church, East by Road and Property of Church and West by Property of Church. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Thrissur East fort Branch

Auction type

SARFAESI Auction

Borrower

Mr N***** S***

Auction start

07 Oct 2026, 10:00 AM

Auction end

07 Oct 2026, 10:30 AM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2392137

Price Check

This listing's reserve price works out to ₹161 per sq ft. The average across commercial bank auctions in Thrissur on our site is ₹5,281 per sq ft, so this one is 97% 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 (bankauctions.in (4Closure) · Listing 2392137), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹14,20,000 before 06 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 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.