2,615.63 sq feet House for Auction in Meenad, Kollam – IOB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

2,615.63 sq feet (≈ 2,615 sq ft)

Reserve price / sq ft

₹825

Locality

Meenad

City

Kollam

State

Kerala

Pincode

691578

Address

Meenad, Kerala, 691578 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

POOTHAKULAM-668

Auction type

SARFAESI Auction

Borrower

Mr.Manoj V*****

Auction start

12 Nov 2026, 11:00 AM

Auction end

12 Nov 2026, 05:00 PM

EMD submission deadline

11 Nov 2026, 05:00 PM

Inspection

10 Oct 2026, 11:00 AM – 10 Nov 2026, 05:00 PM

Authorised officer

NISHTTA G H

Officer contact

9037702084

E-auction portal

BAANKNET (Property ID IOBAMANOJREMYA)

Price Check

This listing's reserve price works out to ₹825 per sq ft. The average across residential bank auctions in Kollam on our site is ₹3,115 per sq ft, so this one is 74% 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 10 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IOBAMANOJREMYA)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 11 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 12 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.