House for auction Akathethara Palakkad 92 lakh Canara Bank

Property for Auction in Akathethara, Palakkad, Kerala

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
0.0587 Hectares
Reserve Price
91,80,000
Reserve Price
91,80,000
EMD Required
9,18,000
Property Specifications
Size0.0587 Hectares
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land And Building
Location IconLocation:
Akathethara, Palakkad
Auction Date IconAuction Date:
28-11-2025 10:00 AM

Auction Details

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

Important Dates

Submission Date:2025-11-27

Bid Start Date:2025-11-28

Property Description

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

Auction Description

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

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

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.

Contact Details

Branch:Branch Office : Specialised ARM Branch

Service Provider:BAANKNET

Contact Details:

Contact no:9188406941

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