Manakunnam Property Auction: 61 Cents with House Near Tripunithura – Reserve ₹1.14 Cr (15 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-25
Property Description
Looking for a house deal below market rates? The Manakunnam property auction listed by Federal Bank deserves a close look. Over 61 cents of land, including a residential building on the 15-cent parcel, is offered in Manakunnam village near Tripunithura. The online e-auction is scheduled for 15 October 2026 (11:00 AM to 11:30 AM), with a reserve price of ₹1,14,00,000.
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
Manakunnam Property Auction: Key Highlights
- Reserve price: ₹1,14,00,000
- EMD: ₹11,40,000
- Auction date: 15 October 2026, 11:00 AM to 11:30 AM
- Last date for EMD / bid: 14 October 2026, 5:00 PM
- Location: Manakunnam, Tripunithura, Kerala
Manakunnam Property Auction – Complete Details
| Asset | 15.47 cents with residential building + 46.137 cents land, Manakunnam |
| Description | Two parcels sold together: 6.26 Ares (15.47 cents) with residential building and 18.67 Ares (46.137 cents) of land with improvements |
| Land area | 6.26 Ares (15.47 Cents) + 18.67 Ares (46.137 Cents) |
| Survey / Plot No. | Re-Sy. No. 129/2 and 128/2, Block 19 (Old Sy. No. 255/22) |
| Village | Manakunnam |
| Taluk | Kanayannur |
| District | Ernakulam |
| Reserve price | ₹1,14,00,000 |
| EMD (10%) | ₹11,40,000 |
| Bid increment | ₹25,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Ernakulam/Vyttila |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Outstanding dues | ₹1,83,68,151 as on 5 September 2026 |
| Encumbrances | None known; bidders to verify independently |
| Notice date | 5 September 2026 |
About the Location – Manakunnam, Tripunithura
Manakunnam village falls under Udayamperoor panchayat, just south of Tripunithura on the Kochi–Vaikom route. The Tripunithura Metro terminal, the Seaport–Airport road and the NH 66 Kundannoor junction are all within easy reach, and Infopark and Vyttila Hub are about 15 km away. With Kochi expanding towards the south-east, larger parcels around Udayamperoor are being picked up for gated villa projects and family estates.
Is the Manakunnam Property Auction Worth It?
Across the full 61.6 cents, the reserve works out to about ₹1.85 lakh per cent with a house included, which is attractive this close to Tripunithura. The bank’s outstanding dues (₹1.84 Cr) are about 1.6 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 Manakunnam Property Auction
- Sale notice date: 5 September 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 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 ₹11,40,000 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% on auction 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 Re-Sy. No. 129/2 and 128/2, Block 19 (Old Sy. No. 255/22).
- 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 buying bank auction houses and villas before you bid.
Contact the Authorised Officer
| Authorised Officer | Deputy Vice President-I and Branch Head |
| Office | Federal Towers, Marine Drive, Ernakulam, Kerala 682031 |
| Phone | 0484-2385538, 0484-2201157, 0484-2201013 |
| ekmlcrd@federal.bank.in |
Manakunnam Property Auction: FAQs
What is the reserve price in the Manakunnam property auction?
The reserve price is ₹1,14,00,000. Bids below this amount are not accepted.
When is the Manakunnam property auction scheduled?
The auction is on 15 October 2026 from 11:00 AM to 11:30 AM. EMD and bids must reach the bank by 14 October 2026.
How much EMD is required?
The earnest money deposit is ₹11,40,000, 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 | 6.26 Ares (15.47 Cents) + 18.67 Ares (46.137 Cents) |
| Location | Manakunnam, Tripunithura, Kochi, Kerala |
| Encumbrances | None known; bidders to verify independently |
Location Map
Auction Timeline
- 5 Sep 2026Auction Notice Published
- 14 Oct 2026Inspection Ends
- 14 Oct 2026Last Date for EMD Submission
- 15 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.