Aluva Land Auction: 62 Cents Land at Aluva West Village – Reserve ₹1.25 Cr (6 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-1
Property Description
Looking for a land and plot deal below market rates? The Aluva land auction listed by Federal Bank deserves a close look. The 62-cent parcel sits in Aluva West Village, abutting a panchayat road, and is offered as two undivided shares sold together. The online e-auction is scheduled for 6 October 2026 (11:00 AM to 11:30 AM), with a reserve price of ₹1,25,00,000.
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 Land Auction: Key Highlights
- Reserve price: ₹1,25,00,000
- EMD: ₹12,50,000
- Auction date: 6 October 2026, 11:00 AM to 11:30 AM
- Last date for EMD / bid: 5 October 2026, 5:00 PM
- Location: Aluva West, Ernakulam, Kerala
Aluva Land Auction – Complete Details
| Asset | 25.10 Ares (62.02 Cents) land at Aluva West Village |
| Description | Two undivided shares (one-third and two-third) in land |
| Land area | 25.10 Ares (62.02 Cents) |
| Survey / Plot No. | Sy. No. 277/3, Re-Sy. No. 215/2, Block No. 37 |
| Village | Aluva West |
| Taluk | Aluva |
| District | Ernakulam |
| Boundaries | East: Private property; West: Panchayath Road; North: Private property; South: Private property |
| Reserve price | ₹1,25,00,000 |
| EMD (10%) | ₹12,50,000 |
| Bid increment | ₹25,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Poonithura |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Outstanding dues | ₹5,76,08,738 as on 5 September 2026 |
| Encumbrances | No encumbrance to the best knowledge of the Authorised Officer |
| Notice date | 5 September 2026 |
About the Location – Aluva West, Ernakulam
Aluva is one of the fastest-growing suburbs of Kochi. The town is on the Kochi Metro line, about 15 km from Cochin International Airport at Nedumbassery and close to NH 544 and the Aluva railway station, one of the busiest stops in Kerala. Aluva West Village covers the residential belt along the Periyar river side, where large land parcels are scarce. A plot of over 60 cents with panchayat road access suits a villa project, a warehouse or long-term land banking, subject to zoning.
Is the Aluva Land Auction Worth It?
At the reserve price, the land works out to roughly ₹2.02 lakh per cent, which is competitive for a large parcel with road access in the Aluva area. The bank’s outstanding dues (₹5.76 Cr) are about 4.6 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 Land Auction
- Sale notice date: 5 September 2026
- Inspection: 12:00 PM to 4:00 PM on working days up to 05-10-2026
- Last date for EMD and bid submission: 5 October 2026 (5:00 PM)
- E-auction: 6 October 2026, 11:00 AM to 11:30 AM
How to Bid in This Federal Bank Auction
- Register on www.auctionbazaar.com and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹12,50,000 by RTGS/NEFT and upload the bid form before 5 October 2026.
- Log in on 6 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% immediately, 75% within 15 days. 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 Sy. No. 277/3, Re-Sy. No. 215/2, Block No. 37.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical or symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our auction property due diligence checklist before you bid.
Contact the Authorised Officer
| Authorised Officer | Deputy Vice President-I |
| Office | Federal Bank LCRD, Federal Towers, Marine Drive, Ernakulam 682031 |
| Phone | 0484-2385538, 0484-2201157 |
| ekmlcrd@federal.bank.in |
Aluva Land Auction: FAQs
What is the reserve price in the Aluva land auction?
The reserve price is ₹1,25,00,000. Bids below this amount are not accepted.
When is the Aluva land auction scheduled?
The auction is on 6 October 2026 from 11:00 AM to 11:30 AM. EMD and bids must reach the bank by 5 October 2026.
How much EMD is required?
The earnest money deposit is ₹12,50,000, 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 land and plot auctions
- Bank auctions in Kochi
- Guide: reserve price bidding strategy
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 | Residential Plots |
|---|---|
| Land Area | 25.10 Ares (62.02 Cents) |
| Location | Aluva West, Ernakulam, Kochi, Kerala |
| Boundaries | East: Private property; West: Panchayath Road; North: Private property; South: Private property |
| Encumbrances | No encumbrance to the best knowledge of the Authorised Officer |
Location Map
Auction Timeline
- 5 Sep 2026Auction Notice Published
- 5 Oct 2026Inspection Ends
- 5 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 11:30 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.