Kottuvally Land Auction: 7.17 Cents Plot at Kottuvally, Paravur – Reserve ₹11.25 Lakh (8 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-7
Property Description
Federal Bank has published a fresh sale notice for the Kottuvally land auction, and it is open to all eligible bidders. This compact 7.17-cent plot in Kottuvally Village of Paravur Taluk comes with a right of way, making it a budget entry into the North Paravur land market. The online e-auction is scheduled for 8 October 2026 (10:30 AM to 11:00 AM), with a reserve price of ₹11,25,000.
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
Kottuvally Land Auction: Key Highlights
- Reserve price: ₹11,25,000
- EMD: ₹1,12,500
- Auction date: 8 October 2026, 10:30 AM to 11:00 AM
- Last date for EMD / bid: 7 October 2026, 5:00 PM
- Location: Kottuvally, North Paravur, Kerala
Kottuvally Land Auction – Complete Details
| Asset | 7.17 Cents land at Kottuvally Village |
| Description | Land measuring 2.90 Ares (7.17 cents) with right of way and improvements |
| Land area | 2.90 Ares (7.17 Cents) |
| Survey / Plot No. | Sy. No. 241/2A |
| Village | Kottuvally |
| Taluk | Paravur |
| District | Ernakulam |
| Reserve price | ₹11,25,000 |
| EMD (10%) | ₹1,12,500 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Palluruthy |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Type of possession | Physical possession |
| Outstanding dues | ₹22,85,851 as on 8 September 2026 |
| Encumbrances | None known; bidders to verify independently |
| Notice date | 8 September 2026 |
About the Location – Kottuvally, North Paravur
Kottuvally is a panchayat on the northern edge of Ernakulam district, right next to North Paravur town. The area is linked to Kochi city by NH 66, and the widened highway has pushed up interest in residential plots along the Paravur–Varapuzha stretch. Kochi city is about 20 km away, while Cochin International Airport is roughly 25 km to the east. Small plots like this suit an independent house for a family or a modest rental unit.
Is the Kottuvally Land Auction Worth It?
With a reserve of about ₹1.57 lakh per cent, the plot is priced within reach of first-time land buyers in the Paravur belt. The bank’s outstanding dues (₹22.86 Lakh) are about 2.0 times the reserve price, so the bank is clearly motivated to close this sale. Bank auction properties usually sell close to the reserve price when competition is thin, which is where serious buyers find value.
Important Dates for the Kottuvally Land Auction
- Sale notice date: 8 September 2026
- Inspection: 12:00 PM to 4:00 PM on working days up to 07-10-2026 with prior intimation
- Last date for EMD and bid submission: 7 October 2026 (5:00 PM)
- E-auction: 8 October 2026, 10:30 AM to 11:00 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 ₹1,12,500 by RTGS/NEFT and upload the bid form before 7 October 2026.
- Log in on 8 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% on acceptance, 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. 241/2A.
- 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 auction property due diligence checklist before you bid.
Contact the Authorised Officer
| Authorised Officer | Assistant Vice President |
| Office | Federal Towers, Marine Drive, Ernakulam, Kerala 682031 |
| Phone | 0484-2385538, 0484-2201157, 0484-2201013 |
| ekmlcrd@federal.bank.in |
Kottuvally Land Auction: FAQs
What is the reserve price in the Kottuvally land auction?
The reserve price is ₹11,25,000. Bids below this amount are not accepted.
When is the Kottuvally land auction scheduled?
The auction is on 8 October 2026 from 10:30 AM to 11:00 AM. EMD and bids must reach the bank by 7 October 2026.
How much EMD is required?
The earnest money deposit is ₹1,12,500, 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 agricultural land 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 | Agricultural Land |
|---|---|
| Land Area | 2.90 Ares (7.17 Cents) |
| Location | Kottuvally, North Paravur, Kochi, Kerala |
| Possession | Physical |
| Encumbrances | None known; bidders to verify independently |
Location Map
Auction Timeline
- 8 Sep 2026Auction Notice Published
- 7 Oct 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 8 Oct 2026, 10:30 AM to 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.