Aluva House Auction: 39.5 Cents with Building on Municipal Road – Reserve ₹4.12 Cr (30 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-53
Property Description
Looking for a house deal below market rates? The Aluva house auction listed by Federal Bank deserves a close look. A large 39.5-cent property with a residential building, fronting a municipal road in Aluva West, is being sold by sealed tender with physical possession. The sale by sealed tender is scheduled for 30 October 2026 (11:00 AM), with a reserve price of ₹4,12,00,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Aluva House Auction: Key Highlights
- Reserve price: ₹4,12,00,000
- EMD: ₹41,20,000
- Auction date: 30 October 2026, 11:00 AM
- Last date for EMD / bid: 29 October 2026, 5:00 PM
- Location: Aluva West, Ernakulam, Kerala
Aluva House Auction – Complete Details
| Asset | 15.99 Ares with residential building, Aluva West |
| Description | Land of 15.99 Ares (39.5 cents) with building and improvements, fronting New Lane Municipal Road on the east |
| Land area | 15.99 Ares (39.5 Cents) |
| Survey / Plot No. | Re-Sy. No. 45 (Old Sy. No. 322/7) |
| Village | Aluva West |
| Taluk | Aluva |
| District | Ernakulam |
| Reserve price | ₹4,12,00,000 |
| EMD (10%) | ₹41,20,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Aluva/RSS |
| Mode of sale | Sealed tender cum auction (private treaty possible) |
| Type of possession | Physical possession |
| Outstanding dues | ₹35,95,86,174 as on 24 September 2026 |
| Encumbrances | None reported to the bank |
| Notice date | 24 September 2026 |
About the Location – Aluva West, Ernakulam
Aluva is a major town on NH 544 at the northern edge of Kochi, with the Aluva Metro terminal, a busy railway station and Cochin International Airport about 12 km away. Aluva West, towards the Periyar river and the Manappuram, is a well-established residential zone close to schools, hospitals and the town market. Large parcels with municipal road frontage here suit a premium home, apartment development or institutional use.
Is the Aluva House Auction Worth It?
At about ₹10.4 lakh per cent including the building, the reserve is in line with prime Aluva town rates; the private-treaty option in the notice may also allow negotiation. The bank’s outstanding dues (₹35.96 Cr) are about 8.7 times the reserve price, so the bank is clearly motivated to close this sale. Prices in recovery auctions are often attractive, but the real gain comes only after you factor in dues, taxes and transfer costs.
Important Dates for the Aluva House Auction
- Sale notice date: 24 September 2026
- Inspection: 2:00 PM to 4:00 PM on working days until 29-10-2026
- Last date for EMD and tender submission: 29 October 2026 (5:00 PM)
- Tender opening / auction: 30 October 2026, 11:00 AM
How to Bid in This Federal Bank Auction
- Download the sale notice and tender form from the Federal Bank tender notices page.
- Inspect the property during the permitted inspection window after informing the Authorised Officer.
- Remit the EMD by DD/RTGS/NEFT as specified in the notice before 29 October 2026.
- Submit the sealed tender with KYC (PAN, Aadhaar, address proof) and EMD proof at Federal Towers, Ground Floor, Marine Drive, Ernakulam, Kerala 682031.
- Attend the tender opening; qualified bidders may be allowed to improve their offers in an inter-se bidding round.
The successful bidder must pay 25% on acceptance; 75% within 15 days by DD or RTGS. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for Re-Sy. No. 45 (Old Sy. No. 322/7).
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our buying bank auction houses and villas before you bid.
Contact the Authorised Officer
| Authorised Officer | Authorised Officer (SARFAESI Act) |
| Office | Federal Towers, Ground Floor, Marine Drive, Ernakulam, Kerala 682031 |
| Phone | 0484-2385538, 0484-2201157, +91-7387397145 |
| ekmlcrd@federalbank.co.in |
Aluva House Auction: FAQs
What is the reserve price in the Aluva house auction?
The reserve price is ₹4,12,00,000. Bids below this amount are not accepted.
When is the Aluva house auction scheduled?
The auction is on 30 October 2026 from 11:00 AM. EMD and bids must reach the bank by 29 October 2026.
How much EMD is required?
The earnest money deposit is ₹41,20,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More house auctions
- Bank auctions in Kochi
- Guide: Kerala bank auction houses guide
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Land Area | 15.99 Ares (39.5 Cents) |
| Location | Aluva West, Ernakulam, Kochi, Kerala |
| Possession | Physical |
| Encumbrances | None reported to the bank |
Location Map
Auction Timeline
- 24 Sep 2026Auction Notice Published
- 29 Oct 2026Inspection Ends
- 29 Oct 2026Last Date for EMD Submission
- 30 Oct 2026, 11:00 AMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.