Property for Auction in Akathethara, Palakkad, Kerala
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610566
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹91,80,000
EMD:₹9,18,000
Auction Time:10:00 AM to 11:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-27
Bid Start Date:2025-11-28
This offering presents a valuable land and building asset located in Akathethara, Palakkad, Kerala. Situated in a well-regarded area, this residential property offers a promising opportunity for investment or personal use. The property is being auctioned by Canara Bank under the SARFAESI Act. Its specific location within Akathethara ensures accessibility and potential for appreciation. This is a unique chance to acquire a substantial property in a developing region.
State:Kerala
City:Palakkad
Area:Akathethara
Asset Category:Residential
Full Address:Re Sy No.243/2, Old Sy No 126 & 127, Re Sy No.24 Akathethara Amsom and Desom, Akathethara Village, Akathethara Panchayath, Palakkad District, Akathethara, Palakkad
Size:0.0587 Hectares
Canara Bank is conducting a SARFAESI auction for a land and building property in Akathethara, Palakkad, Kerala. The auction will commence on November 28, 2025, at 10:00 AM and conclude at 11:00 AM on the same day. The reserve price for this auction is set at ₹91,80,000, with an Earnest Money Deposit (EMD) of ₹9,18,000 required. This is a timely opportunity to participate in a bank auction and acquire the specified asset. Interested bidders are advised to review all auction terms and conditions prior to participation.
Borrower Name:Manikandan A
Auction Type:SARFAESI Auction
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Located in Akathethara, Palakkad, this residential land and building offers a decent investment potential. The reserve price of ₹9180000 and the physical possession status make it a reasonable option. However, potential investors should carefully evaluate the location and auction terms before bidding.
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941