23.16 cent Commercial Building for Auction in Kochi – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

23.16 cent (≈ 10,088 sq ft)

Reserve price / sq ft

₹809

Locality

—

City

Kochi

State

Kerala

Address

All that part and parcel of land admeasuring 23.160 Cents along with building thereon admeasuring about 1550 Sq.ft and all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy. No. 43/5, Re Sy No. 343/3-2 in Re Sy Block No 23 within Neduva Village, Tirurangadi Taluk, Malappuram District and owned by Mr. Abdulla, morefully described in Jenm Assignment Deed No. 2172/2007 dated 21-07-2007 of Sub Registrar Office - Parappanangadi and bounded on,(Boundaries as per title deed No.(Boundaries as per location sketch)2172/2007)North: RoadNorth: RoadSouth: Property of MuhammedSouth: Thelaprath propertyEast: Property of KunhikoyaEast: Remaining property of AswaniWest: PathwayDinakarWest: Path way View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

06 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 461733

Price Check

This listing's reserve price works out to ₹809 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,749 per sq ft, so this one is 71% 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 461733), 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 6 Oct 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.