Land and building in Malayattoor, Aluva: Kerala Grameena Bank auction

The reserve is ₹5,67,000 and the earnest-money deposit (EMD) is ₹56,700. EMD closes on 21 December 2026 at 4:00 PM IST. Supporting documents must reach the bank and service provider by 5:00 PM IST that day. These are separate requirements; participation follows the earlier EMD deadline.

The notice invites the general public and requires registration on bankeauctions.com. Pay the ₹56,700 earnest-money deposit (EMD) by 21 December 2026 at 4:00 PM IST.

The property notice permits a demand draft or RTGS, NEFT or fund transfer to the bank’s specified account; the linked generic tender document rejects cheques and demand drafts.

Confirm the accepted payment method with the authorised officer at the bank’s Ernakulam Regional Office, or with the Kalady Branch, before paying.

Send EMD proof, PAN, identity and address proof, contact details and refund-account details to the bank by hand or email by 5:00 PM IST that day; the notice also requires these details to reach the service provider by then. Upload the signed bidder-details and declaration forms.

The successful bidder must show the original identity documents when paying the 25%. Bidders without internet access can approach the Kalady Branch, which the notice names as a facilitating centre for the e-auction.

The linked forms also require confirmation of auction training and the highest bidder’s signed final-price confirmation. Applicant types, age, residency and nationality conditions are not specified in these documents; confirm any applicable eligibility requirements with the authorised officer.

Registration alone does not establish eligibility.

The lender’s sale notice doesn’t say whether its possession is physical or symbolic. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note. Ask Kerala Grameena Bank’s authorised officer before you pay the EMD.

The successful bidder must pay 25% of the sale price, including the EMD, immediately on being declared successful. The remaining 75% is due within 15 days from the secured creditor’s confirmation of sale.

The generic tender permits an extended balance-payment period only if the authorised officer agrees in writing; no extension is promised for this sale. Failure to pay allows forfeiture without further notice and resale. The sale certificate follows full payment and confirmation, in the name used for the offer.

The bank says it knows of no encumbrance, but the tender places existing and future encumbrances, third-party claims and dues on the purchaser. This is not a guarantee of clear title.

The purchaser bears conveyance, stamp duty, applicable GST, registration expenses and outstanding society, municipal or panchayat, electricity, water and other charges.

The notice asks for 1% tax deducted at source (TDS) and its receipt if sale proceeds reach ₹50 lakh; this reports the notice’s condition, not a determination of tax liability.

The property is offered on an “as is where is” and “as is what is” basis. The notice leaves “Physical/Symbolic Possession” unselected, so it does not establish the kind of possession held by the bank. Building use, floor area and tenure are not stated.

Unsuccessful bidders’ EMD is refundable without interest; the bidder declaration says deposits are retained until successful conclusion of the sale, with no fixed refund date. False information, withdrawal or failure to meet the sale terms can result in forfeiture.

The authorised officer may reject bids, postpone, cancel or vary the sale; repayment of the secured dues may also lead to cancellation. The documents give no property-specific court-stay status. They place internet and power-failure risk on bidders and identify Kerala as the jurisdiction for disputes.

Bidding opens at the ₹5,67,000 reserve and rises in ₹10,000 increments. The notice sells only above the reserve, and the bidder form commits a sole bidder to add one increment, so a bid at the reserve alone cannot win.

The notice’s five-minute extensions are unlimited, as on the listing and most of the generic tender. However, clause 16 of that tender limits them to three extensions.

Confirm the extension rule with the authorised officer; 11:00 AM is the scheduled end, not a guaranteed close.