Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613105
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹2,61,00,000
EMD:₹26,10,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
A prime commercial building located in the bustling area of Bathery, Wayanad, Kerala. This property, previously owned by M/s Wasuki Farmers Society, offers significant potential for business ventures in a rapidly developing region. Its strategic location in Wayanad ensures good visibility and accessibility.
State:Kerala
City:Wayanad
Area:Bathery
Asset Category:Commercial
Full Address:Sy No. 2157/2017 (Re Sy 433/46, 433/3), Sy No. 2158/2017 (Re Sy 433/33), Sy No. 2022/2017 (Re Sy 433/44, 433/30, 433/45, 433/9, 429/3) at Kolambetta, Kolambetta, Purakkadi Village, Wayanad
Size:251 cents
Auction Description
Canara Bank presents an SARFAESI auction for a valuable commercial building in Bathery, Wayanad. The auction will take place on November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹2,61,00,000, with an Earnest Money Deposit (EMD) of ₹26,10,000. This is a unique opportunity to acquire a substantial commercial asset in a key location.
Borrower Name:M/s Wasuki Farmers Society
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Manu P.R, Sri. Robin P.R, Smt. Leela Raju, Sri. Shibu Paul, Sri. Saji K.P, Sri. Babu K.M, Sri. Antony V.V, Dr. Ambi, Janaki M.P, T Mani, Vijayalakshmi M, Vijayakumar C.T, Srudhin Kuriakose, Johnson K M, Aneesh P.M, Sudhish, Krishnakumari P.G, Viswambharan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial building in a rural area, offering a decent investment opportunity. The reserve price seems reasonable for the location and size, though due diligence on the local market is recommended. The auction terms are standard, presenting a calculated risk for potential investors.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
