Land and building in Vattamkulam: Axis Bank auction

The reserve is ₹31,85,000 and the earnest-money deposit (EMD) is ₹3,18,500. The published submission deadline is 23 Nov 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Submit the complete offer, EMD by demand draft or pay order, participation request, self-attested identity and address proof, PAN, valid email and contact details by 23 November 2026, 5:00 PM IST. The receiving office in the schedule is Axis Bank RAC, fifth floor, Chicago Plaza, Rajaji Road, Ernakulam/Cochin 682035.

The EMD instrument is in favour of Axis Bank Ltd, payable at Ernakulam. The bid form has no charge.

Axis verifies eligibility and PAN before issuing platform credentials; comply with local transfer and use restrictions. The checked notice does not give a complete age, nationality, residency or entity-eligibility rule.

Confirm eligibility and receipt with the authorised officer; an EMD payment alone is insufficient.

The lender’s sale notice says it has taken physical possession. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note. Ask Axis Bank’s authorised officer before you pay the EMD.

The schedule requires 25% of the accepted bid, including EMD, by the next working day after the sale, and the balance 75% within 15 days after the sale. Clauses 19–20 instead measure these periods from bid/sale confirmation.

Confirm the controlling dates in writing and plan for the earlier sale-based deadlines; do not assume confirmation gives extra time. Clause 19 requires the 25% payment by demand draft payable at Ernakulam.

Default can forfeit EMD and all sums paid and expose the buyer to resale costs. Unsuccessful EMD is returnable within seven working days after auction without interest, including when repayment is delayed.

The buyer must ascertain and bear property tax, maintenance, electricity, water/service and other statutory or local dues, plus stamp duty, registration, transfer charges and applicable taxes. Clause 18 also directs the buyer to arrange applicable TDS when the sale price exceeds ₹50 lakh.

The known-encumbrance statement is not a title or no-dues certificate.

The bank states physical possession, which does not guarantee vacant delivery. The sale is as-is and without recourse; inspect title, access, extent, occupancy and required local permissions before bidding.

The bank does not obtain permissions for the buyer. Bids cannot be withdrawn once submitted, the highest bid needs bank confirmation, and the bank can amend, postpone or cancel the sale.

The bid is not transferable.

The auction schedule names axisbank.auctiontiger.net, but clause 5 names bankeauctions.com while identifying the AuctionTiger service provider. Obtain Axis confirmation of the correct auction portal before registering or paying.

Bids increase by ₹10,000; the schedule allows unlimited five-minute late-bid extensions. Clause 7 requires a bid above reserve, although another clause says a property cannot be sold below reserve.