Land and Building for Auction Alakode Kannur 25 Lakh by Indian Bank 27 Jul 2026
Alakode, Kannur
Area: 4.05 Ares
Re Sy No. 292/7716 (Old Sy No. 267/1) of Naduvil Panchayath and Desam, Vellad Amsam, Thaliparamba Taluk, Alakkod Sub District, Kannur District, Keralam - 670582
Indian Bank · ZONAL OFFICE, KOZHIKODE
Reserve price
₹25,00,000
EMD ₹2,50,000
Auction date
27 Jul 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 4.05 Ares
- ▸Locality: Alakode
- ▸Reserve: ₹25,00,000
- ▸EMD: ₹2,50,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Alakode |
| Built-up / plot area | 4.05 Ares |
| Lender | Indian Bank |
| Branch | ZONAL OFFICE, KOZHIKODE |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Alakode, Kannur by Indian Bank — reserve price ₹25,00,000, 4.05 Ares, Symbolic possession.
A prime bank auction property featuring 4.05 Ares (10 Cents) of residential land and a building is available for sale in Alakode, Kannur, Kerala. This property, identified by Re Sy No. 292/7716 in Naduvil Panchayath, offers a great investment opportunity. Conducted by Indian Bank, the e-auction has a competitive reserve price of ₹25,00,000 and an EMD of ₹2,50,000, with bidding increments of ₹50,000. The auction is scheduled for July 27, 2026, from 11 AM to 5 PM. Located in a strategic area with clear boundaries as per the title deed (East: Villa Number 2; South: Swakariya Road; West: Vellad - Thermala Panchayath Road; North: Swakariya Road), this residential property in Kannur comes with 'Nil encumbrance' as per bank records, making it a secure purchase. For more details and participation, visit baanknet.com.
GeoSquare note: This residential land and building in Alakode, Kannur, offers a good investment opportunity, especially with the 'Nil encumbrance' status. The reserve price of ₹25,00,000 for 10 cents of land with a building appears reasonable for the Kerala market. While the possession status is likely symbolic, the clear title record and defined boundaries enhance its appeal, making it a strong buy.
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