Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611563
Bank Name:Indian Bank
Branch Name:Mangaluru Branch
Reserve Price:₹70,00,000
EMD:₹7,00,000
Bid Increment:₹50,000
Auction Time:11AM to 4pm
Service Provider:ebkray
Important Dates
Submission Date:14-11-2025 05:00 PM
Bid Start Date:2025-11-15
Property Description
This auction features a residential land and building located in the Manjeswaram Taluk of Kasaragod, Kerala. The property is an asset of M/s Akrithi Trading Corporation, being auctioned by Indian Bank under SARFAESI Act. Ideal for investment or personal use, this property offers a prime location in a developing area of Kerala.
State:Kerala
City:Kasaragod
Area:Manjeswaram Taluk
Asset Category:Residential
Full Address:2/92, ANURAKSHA BRB Compound, Door no 2/92, "ANURAKSHA" BRB Compound Bhagavathi Temple road Uppala Gate, Uppala Village, Uppala Gate, Kasaragod
Building/Society:ANURAKSHA BRB Compound
Size:13 cents
Auction Description
Indian Bank presents a SARFAESI auction for a valuable land and building property in Manjeswaram Taluk, Kasaragod, Kerala. The bidding opens at a reserve price of ₹70,00,000 with an Earnest Money Deposit (EMD) of ₹7,00,000. The auction will be conducted online on 15th November 2025, commencing at 11:00 AM and concluding at 04:00 PM. Don't miss this opportunity to acquire a promising asset in Kasaragod.
Borrower Name:M/s Akrithi Trading Corporation
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Hemachandra, Mrs.Veenakshi W/o Gokul Das, Gokul Das S/o Rajiva Bappange
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property's location in Kerala and residential nature offer potential, but the symbolic possession indicates possible legal hurdles. With a relatively high reserve price, careful due diligence is advised before bidding. This presents a calculated risk opportunity for informed investors.
Contact Details
Branch:Branch Office : Mangaluru Branch
Service Provider:ebkray
Contact Details:
Contact no:8291220220
