Kerala Land Auction: 4 Lots in Wayanad, Idukki & Tirur – Reserve from ₹41 Lakh (15 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-28
Property Description
Looking for a land and plot deal below market rates? The Kerala land auction listed by Federal Bank deserves a close look. This single notice covers four separate lots across three districts – a house plot in Wayanad, land with buildings in Idukki and two large riverside-belt parcels at Purathur near Tirur. The online e-auction is scheduled for 15 October 2026 (11:00 AM to 1:00 PM), with a reserve price of from ₹41,00,000.
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
Kerala Land Auction: Key Highlights
- Reserve price: Lot 1 – ₹88,65,000; Lot 2 – ₹41,00,000; Lot 3 – ₹15,55,00,000; Lot 4 – ₹12,00,00,000
- EMD: Lot 1 – ₹8,86,500; Lot 2 – ₹4,10,000; Lot 3 – ₹1,55,50,000; Lot 4 – ₹1,20,00,000
- Auction date: 15 October 2026, 11:00 AM to 1:00 PM
- Last date for EMD / bid: 14 October 2026, 5:00 PM
- Location: Wayanad, Idukki & Tirur, Kerala
Kerala Land Auction – Complete Details
Lot 1: 20.24 Ares land with house, Cherukattoor, Wayanad
| Description | Land of 20.24 Ares (50 cents) with residential building and improvements |
| Land area | 20.24 Ares (50 Cents) |
| Survey / Plot No. | Sy. No. 283/2 |
| Village | Cherukattoor |
| Taluk | Mananthavady |
| District | Wayanad |
| Reserve price | ₹88,65,000 |
| EMD (10%) | ₹8,86,500 |
Lot 2: 12.50 Ares land with buildings, Parathodu, Idukki
| Description | Land of 12.50 Ares (30.9 cents) with buildings and improvements |
| Land area | 12.50 Ares (30.9 Cents) |
| Survey / Plot No. | Sy. No. 195/10 |
| Village | Parathodu |
| Taluk | Udumbanchola |
| District | Idukki |
| Reserve price | ₹41,00,000 |
| EMD (10%) | ₹4,10,000 |
Lot 3: 52.47 Ares land, Purathur, Tirur
| Description | Land of 52.47 Ares (1.30 acres) with improvements |
| Land area | 52.47 Ares (129.7 Cents) |
| Survey / Plot No. | Sy. No. 8/1A2 |
| Village | Purathur |
| Taluk | Tirur |
| District | Malappuram |
| Reserve price | ₹15,55,00,000 |
| EMD (10%) | ₹1,55,50,000 |
Lot 4: 40.46 Ares land, Purathur, Tirur
| Description | Land of 40.46 Ares (1 acre) with improvements |
| Land area | 40.46 Ares (100 Cents) |
| Survey / Plot No. | Sy. No. 8/1A2 |
| Village | Purathur |
| Taluk | Tirur |
| District | Malappuram |
| Reserve price | ₹12,00,00,000 |
| EMD (10%) | ₹1,20,00,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Ernakulam/North |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Outstanding dues | ₹2,87,36,13,359 as on 27 August 2026 |
| Encumbrances | None noted prior to mortgage; buyer to clear any others |
| Notice date | 27 August 2026 |
About the Location – Wayanad, Idukki & Tirur
Lot 1 is at Cherukattoor near Mananthavady in Wayanad, a hill district known for coffee, pepper and tourism. Lot 2 is at Parathodu in Udumbanchola taluk of Idukki, in the cardamom belt near Nedumkandam. Lots 3 and 4 are at Purathur in Tirur taluk of Malappuram district, close to the Bharathapuzha estuary and the coastal road to Ponnani, about 10 km from Tirur railway station.
Each lot can be bid for separately, so investors can pick a farm-house plot in the hills or a large land bank in the Malappuram coastal belt depending on budget.
Is the Kerala Land Auction Worth It?
The reserves range from ₹41 lakh to ₹15.55 crore, giving both small and institutional buyers an entry point. The bank’s outstanding dues (₹287.36 Cr) are about 10.0 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 Kerala Land Auction
- Sale notice date: 27 August 2026
- Inspection: 12:00 PM to 4:00 PM on working days until 14-10-2026 with prior intimation
- Last date for EMD and bid submission: 14 October 2026 (5:00 PM)
- E-auction: 15 October 2026, 11:00 AM to 1:00 PM
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 ₹8,86,500 by RTGS/NEFT and upload the bid form before 14 October 2026.
- Log in on 15 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% same day or next working day; 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. 283/2.
- 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 | Authorised Officer (SARFAESI Act) |
| Office | Federal Towers, Marine Drive, Ernakulam, Kerala 682031 |
| Phone | 0484-2385538, 0484-2201157 |
| ekmlcrd@federalbank.co.in |
Kerala Land Auction: FAQs
What is the reserve price in the Kerala land auction?
Lot-wise reserve prices are: Lot 1 – ₹88,65,000, Lot 2 – ₹41,00,000, Lot 3 – ₹15,55,00,000, Lot 4 – ₹12,00,00,000.
When is the Kerala land auction scheduled?
The auction is on 15 October 2026 from 11:00 AM to 1:00 PM. EMD and bids must reach the bank by 14 October 2026.
How much EMD is required?
The earnest money deposit is ₹8,86,500 for Lot 1 (see the table above for other lots), 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 Kerala
- 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 | 20.24 Ares (50 Cents) + 12.50 Ares (30.9 Cents) + 52.47 Ares (129.7 Cents) + 40.46 Ares (100 Cents) |
| Location | Wayanad, Idukki & Tirur, Kerala |
| Encumbrances | None noted prior to mortgage; buyer to clear any others |
Location Map
Auction Timeline
- 27 Aug 2026Auction Notice Published
- 14 Oct 2026Inspection Ends
- 14 Oct 2026Last Date for EMD Submission
- 15 Oct 2026, 11:00 AM to 1:00 PMe-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.