4.5 cent Commercial Building for Auction in Kochi – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

4.5 cent (≈ 1,960 sq ft)

Reserve price / sq ft

₹1,902

Locality

—

City

Kochi

State

Kerala

Address

Name of Property Owner: Mr. Biju Valadi, Description of property: All that part and parcel of land admeasuring 4.50 Cents (1.82 Ares) along With residential cum commercial building admeasuring 3000 sq.ft (approximately) and all other usufructs and improvements thereon in Re-Sy.No. 24/24-2 situated in Nilambur Village, Nilambur Taluk, Malappuram District, owned by Mr. Biju Valadi, more particularly described in Jenmam Assignment Deed No. 2352/2014 dated 09.06.2014 of SRO Nilambur. BOUNDARIES: North: Property of Kunhikayyumma, East: Property of Unneen Ambalavan, South: Road, West: Property of Ayyoob Kooliyodan. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

13 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 463413

Price Check

This listing's reserve price works out to ₹1,902 per sq ft. The average across commercial bank auctions in Kochi on our site is ₹2,749 per sq ft, so this one is 31% 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 463413), 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 13 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.