Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609632
Bank Name:Punjab National Bank
Branch Name:ARMB:Ernakulam
Reserve Price:₹65,11,000
EMD:₹6,51,100
Bid Increment:₹10,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 05:00 PM
Bid Start Date:2025-11-26
Property Description
This is a bank auction of a commercial building located in Pattambi, Palakkad, Kerala. The property is being auctioned by Punjab National Bank under SARFAESI regulations. It is a commercial asset formerly belonging to M/s PRS Electronics. The auction presents an opportunity to acquire a commercial property in a recognized area of Palakkad.
State:Kerala
City:Palakkad
Area:Pattambi
Asset Category:Commercial
Full Address:D No. 15/108, Vallapuzha Village, Vallapuzha, Palakkad
Size:18.22 ares
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a commercial building in Pattambi, Palakkad, Kerala. The auction begins on November 26, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price for this property is INR 65,11,000, with an Earnest Money Deposit (EMD) of INR 6,51,100 required to participate. This is a prime opportunity to invest in a commercial asset through a transparent auction process.
Borrower Name:M/s PRS Electronics
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Suresh P R, Mr.Hamza, Mr.Suresh P R, Ms.Sujitha M, Mrs.Ramlath, Mr.Mohammed Iqbal, Mr.Mohammed Hussain, Mr.Anas M T, Ms.Aneesha M T, Mrs.Haseena, Mr.Mohammed Ansar, Mr.Yousef Ansil, Mr.Mohmmed Ajmal
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The commercial building in Pattambi presents a calculated investment opportunity due to its location and potential for development. While the construction is incomplete, the reasonable reserve price and auction terms make it a worthwhile consideration for investors looking for value-add properties. Further due diligence is recommended to assess completion costs.
Contact Details
Branch:Branch Office : ARMB:Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2350477
