0.53 acres Commercial Building for Auction in Kottarakkara, Kollam – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

0.53 acres (≈ 23,086 sq ft)

Reserve price / sq ft

₹277

Locality

Kottarakkara

City

Kollam

State

Kerala

Pincode

691505

Address

Kottarakkara, Kerala, 691505 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH, THIRUVANANTHAPURAM

Auction type

SARFAESI Auction

Borrower

ANIL K**** B

Auction start

29 Oct 2026, 11:30 AM

Auction end

29 Oct 2026, 12:30 PM

EMD submission deadline

28 Oct 2026, 05:00 PM

Inspection

15 Oct 2026, 10:00 AM – 28 Oct 2026, 04:00 PM

Authorised officer

JANAPRIYA D

Officer contact

9037756600

E-auction portal

BAANKNET (Property ID CNRB106915561)

Price Check

This listing's reserve price works out to ₹277 per sq ft. The average across commercial bank auctions in Kollam on our site is ₹9,373 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 15 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB106915561)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 29 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.