Nedumbassery Flat Auction: 938 Sq Ft 2BHK Near Cochin Airport – Reserve ₹24 Lakh (7 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-4
Property Description
Looking for a flat and apartment deal below market rates? The Nedumbassery flat auction listed by Federal Bank deserves a close look. A 938 sq ft 2BHK flat on the 5th floor of Airport Suits Block III at Nedumbassery, with covered basement parking, is available at a reserve of only ₹24 lakh. The online e-auction is scheduled for 7 October 2026 (11:00 AM to 11:30 AM), with a reserve price of ₹24,00,000.
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
Nedumbassery Flat Auction: Key Highlights
- Reserve price: ₹24,00,000
- EMD: ₹2,40,000
- Auction date: 7 October 2026, 11:00 AM to 11:30 AM
- Last date for EMD / bid: 6 October 2026, 5:00 PM
- Location: Nedumbassery, near Kochi Airport, Kerala
Nedumbassery Flat Auction – Complete Details
| Asset | 2 BHK apartment, Airport Suits Block III, Nedumbassery |
| Description | 2 bedroom apartment, 938 sq ft super built-up area on the 5th floor with covered basement car parking and proportionate share in common areas |
| Land area | 0.0376 undivided share over 5.66 Ares |
| Built-up area | 938 sq ft |
| Survey / Plot No. | Re-Sy. No. 110/3, 110/5 & 110/7 |
| Village | Nedumbassery |
| Taluk | Aluva |
| District | Ernakulam |
| Boundaries | North: Private road; East: Private property; West: Private property; South: Private property and villa |
| Reserve price | ₹24,00,000 |
| EMD (10%) | ₹2,40,000 |
| Bid increment | ₹10,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Ernakulam/Kaloor |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Outstanding dues | ₹46,68,969 as on 8 September 2026 |
| Encumbrances | No encumbrance to the best knowledge of the bank |
| Notice date | 8 September 2026 |
About the Location – Nedumbassery, near Kochi Airport
Nedumbassery is home to Cochin International Airport, the world’s first fully solar-powered airport. The apartment is a few minutes from the terminals, on the Airport–Seaport Road corridor, with Angamaly and Aluva towns about 8–10 km away and the NH 544 close by. Flats here are popular with airline staff, frequent flyers and NRI families, and are also in demand as short-stay rentals.
Is the Nedumbassery Flat Auction Worth It?
The reserve works out to about ₹2,559 per sq ft, which is well below typical resale rates near Cochin airport. The bank’s outstanding dues (₹46.69 Lakh) are about 1.9 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 Nedumbassery Flat Auction
- Sale notice date: 8 September 2026
- Inspection: 12:00 PM to 4:00 PM on working days up to 06-10-2026 with prior intimation
- Last date for EMD and bid submission: 6 October 2026 (5:00 PM)
- E-auction: 7 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 ₹2,40,000 by RTGS/NEFT and upload the bid form before 6 October 2026.
- Log in on 7 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/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. 110/3, 110/5 & 110/7.
- 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 tips for buying bank auction flats 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 |
Nedumbassery Flat Auction: FAQs
What is the reserve price in the Nedumbassery flat auction?
The reserve price is ₹24,00,000. Bids below this amount are not accepted.
When is the Nedumbassery flat auction scheduled?
The auction is on 7 October 2026 from 11:00 AM to 11:30 AM. EMD and bids must reach the bank by 6 October 2026.
How much EMD is required?
The earnest money deposit is ₹2,40,000, 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 flat and apartment auctions
- Bank auctions in Kochi
- Guide: home loan for auction property
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 | Flats & Apartments |
|---|---|
| Built-up Area | 938 sq ft |
| Land Area | 0.0376 undivided share over 5.66 Ares |
| Location | Nedumbassery, near Kochi Airport, Kochi, Kerala |
| Boundaries | North: Private road; East: Private property; West: Private property; South: Private property and villa |
| Encumbrances | No encumbrance to the best knowledge of the bank |
Location Map
Auction Timeline
- 8 Sep 2026Auction Notice Published
- 6 Oct 2026Inspection Ends
- 6 Oct 2026Last Date for EMD Submission
- 7 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.