Kochi House Auction: Individual House – Reserve ₹27.84 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-363145
Property Description
Punjab National Bank has put a house up for sale through the Kochi house auction, open to all registered bidders on BAANKNET. On offer is a individual house in Kochi, Ernakulam (PIN 682006). The online auction runs on 6 October 2026 (12:00 PM to 2:00 PM) with a reserve price of ₹27,84,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Kochi House Auction: Key Highlights
- Reserve price: ₹27,84,000 (₹27.84 Lakh)
- EMD: ₹2,78,400
- Bid increment: ₹10,000
- Auction: 6 October 2026, 12:00 PM to 2:00 PM
- Last date for EMD: 5 October 2026, 5:00 PM
- Location: Kochi, Ernakulam, Kerala
- Possession: Symbolic
Kochi House Auction – Complete Details
| Auction ID | 363145 |
| Bank property ID | PUNBABA40330967 |
| Bank | Punjab National Bank |
| Branch | Armb Ernakulam 445900 |
| Property type | Residential – Individual House |
| Locality | Palluruthy |
| City / District | Kochi, Ernakulam |
| State | Kerala |
| PIN code | 682006 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹27,84,000 |
| EMD | ₹2,78,400 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Kochi
Kochi is in Ernakulam district of Kerala, under PIN code 682006. Kerala’s property market is driven by NRI demand, tourism and the Kochi–Thiruvananthapuram growth belt, and land parcels with road access are always in short supply. The handling branch is Armb Ernakulam 445900, which is usually the best contact for site visits and local queries.
Is the Kochi House Auction Worth It?
The EMD of ₹2,78,400 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Kochi House Auction
- Inspection window: 3 October 2026, 10:00 AM to 3 October 2026, 5:00 PM
- EMD submission opens: 22 September 2026
- Last date for EMD: 5 October 2026, 5:00 PM
- E-auction: 6 October 2026, 12:00 PM to 2:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 363145 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9747630107.
- Pay the EMD of ₹2,78,400 through the BAANKNET wallet before 5 October 2026, 5:00 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Kochi House Auction: FAQs
What is the reserve price in the Kochi house auction?
The reserve price is ₹27,84,000. Bids below the reserve price are not accepted.
When is the Kochi house auction scheduled?
The e-auction is on 6 October 2026 from 12:00 PM to 2:00 PM. The last date for EMD is 5 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,78,400. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Kochi, Ernakulam, Kerala – 682006.
Where can I see the official sale notice?
Search Auction ID 363145 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Kerala Auctions
- All Punjab National Bank auction listings
- More house auctions
- Bank auctions in Kerala
- Guide: symbolic vs physical possession explained
Source: Auction ID 363145 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National 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 Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Independent Houses |
|---|---|
| Location | Kochi, Ernakulam, Kochi, Kerala |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 22 Sep 2026Auction Notice Published
- 3 Oct 2026Inspection Starts
- 3 Oct 2026Inspection Ends
- 5 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 12:00 PM to 2:00 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.