Land and building in Avannur, Thrissur: IndusInd Bank auction

The reserve is ₹49,00,000 and the earnest-money deposit (EMD) is ₹4,90,000. The published submission deadline is 25 Nov 2026, 4:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Register on bankeauctions.com with an active email address and PAN, complete training and submit the online bid, KYC and EMD evidence. A signed sealed copy with payment proof must also reach Gowrinarayan, first floor, opposite Metro Pillar 766, M G Road, Ernakulam 682035 by the entry cutoff.

Personal participation or an authorised agent is allowed subject to the required authority and identity documents. The signed notice accepts demand draft or NEFT/RTGS, while generic platform terms say NEFT/RTGS only; confirm the accepted route before payment.

Registration alone does not establish eligibility. The signed annexure requires an additional legal-competence affidavit from people residing abroad, NRIs, PIOs and dual-citizenship bidders, plus the stated passport evidence.

It does not itself guarantee eligibility to acquire the property.

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 IndusInd Bank’s authorised officer before you pay the EMD.

The signed round-specific conditions require 25% of the sale price, including EMD, immediately after auction closure, and the remaining 75% within 15 days from the auction date, unless the authorised officer permits an extension in writing.

The generic platform kit instead refers to acceptance/sale confirmation; obtain the dated demand and comply with the earlier applicable obligation. Failure revokes the sale, forfeits amounts paid and can lead to resale.

Unsuccessful EMD is returned after auction closure without interest; no fixed day count is promised.

The purchaser bears statutory and non-statutory dues, property taxes, electricity and water charges, stamp duty, registration, transfer and incidental costs. The bank does not guarantee the property is free from encumbrances; independently check title, access and liabilities.

The notice records possession taken under a Chief Judicial Magistrate’s Section 14 order, but does not identify it as physical or symbolic. Verify access and occupancy with the bank.

This is an as-is sale, subject to the authorised officer’s confirmation. Inspect the property and documents.

The bank can reject, defer or cancel the sale; payment default can forfeit the sums paid. The signed terms say the English version prevails over a vernacular difference.

The signed notice provides five-minute extensions. The generic attached kit describes both unlimited five-minute extensions and a maximum of three. Confirm the applicable limit with IndusInd; the scheduled close may extend.