Munambam Property Auction: 56.7 Cents with House on Vypin Island – Reserve ₹2.19 Cr (23 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-42
Property Description
Federal Bank has published a fresh sale notice for the Munambam property auction, and it is open to all eligible bidders. A large 56.7-cent plot with a residential building on a PWD road at Kuzhuppilly, on Vypin island near Munambam beach, is on sale by e-auction. The online e-auction is scheduled for 23 October 2026 (11:00 AM to 12:00 PM), with a reserve price of ₹2,19,00,000.
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
Munambam Property Auction: Key Highlights
- Reserve price: ₹2,19,00,000
- EMD: ₹21,90,000
- Auction date: 23 October 2026, 11:00 AM to 12:00 PM
- Last date for EMD / bid: 22 October 2026, 5:00 PM
- Location: Kuzhuppilly, Vypin, Kerala
Munambam Property Auction – Complete Details
| Asset | 22.95 Ares land with residential building, Kuzhuppilly |
| Description | Land of 22.95 Ares (56.7 cents) with residential building and improvements, fronting a PWD road |
| Land area | 22.95 Ares (56.7 Cents) |
| Survey / Plot No. | Re-Sy. No. 112/1 (Old Sy. No. 41/13) |
| Village | Kuzhuppilly |
| Taluk | Kochi |
| District | Ernakulam |
| Reserve price | ₹2,19,00,000 |
| EMD (10%) | ₹21,90,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | LCRD Ernakulam Division |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Type of possession | Physical possession |
| Outstanding dues | ₹63,78,09,400 as on 5 September 2026 |
| Encumbrances | Attachment by the Special Tahsildar, Kochi dated 30-07-2015 for ₹8,07,22,439 is noted in the notice |
| Notice date | 5 September 2026 |
About the Location – Kuzhuppilly, Vypin
Kuzhuppilly is on the Vypin island strip north of Kochi, between Cherai and Pallippuram, a few kilometres from Munambam harbour and the famous Cherai beach. The Goshree bridges connect Vypin to Ernakulam city, about 25 km away. The beach belt draws homestays, resorts and holiday homes, and larger plots close to the coast are hard to find.
Is the Munambam Property Auction Worth It?
Note the 2015 revenue attachment of over ₹8 crore recorded in the notice. Ask the Authorised Officer how it will be dealt with and get legal advice before you bid. The bank’s outstanding dues (₹63.78 Cr) are about 29.1 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 Munambam Property Auction
- Sale notice date: 5 September 2026
- Inspection: 12:00 PM to 4:00 PM on working days up to 22-10-2026 with prior intimation
- Last date for EMD and bid submission: 22 October 2026 (5:00 PM)
- E-auction: 23 October 2026, 11:00 AM to 12:00 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 ₹21,90,000 by RTGS/NEFT and upload the bid form before 22 October 2026.
- Log in on 23 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 Re-Sy. No. 112/1 (Old Sy. No. 41/13).
- 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 buying bank auction houses and villas 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 |
Munambam Property Auction: FAQs
What is the reserve price in the Munambam property auction?
The reserve price is ₹2,19,00,000. Bids below this amount are not accepted.
When is the Munambam property auction scheduled?
The auction is on 23 October 2026 from 11:00 AM to 12:00 PM. EMD and bids must reach the bank by 22 October 2026.
How much EMD is required?
The earnest money deposit is ₹21,90,000, 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 | 22.95 Ares (56.7 Cents) |
| Location | Kuzhuppilly, Vypin, Kochi, Kerala |
| Possession | Physical |
| Encumbrances | Attachment by the Special Tahsildar, Kochi dated 30-07-2015 for ₹8,07,22,439 is noted in the notice |
Location Map
Auction Timeline
- 5 Sep 2026Auction Notice Published
- 22 Oct 2026Inspection Ends
- 22 Oct 2026Last Date for EMD Submission
- 23 Oct 2026, 11:00 AM to 12:00 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.