Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613104
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹36,00,000
EMD:₹3,60,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This auction features a valuable land and building property located in the serene area of Chathamangalam, Kozhikode, Kerala. Ideal for residential use, this asset offers a great opportunity for investment in a developing region. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Kerala
City:Kozhikode
Area:Chathamangalam
Asset Category:Residential
Full Address:Sy.No. 91/5, Re Sy No. 7/5, Cherukulathur Desom, Peruvayal Village, Chathamangalam Sub District, Kozhikode District, Chathamangalam, Kozhikode
Size:5.8712 ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Chathamangalam, Kozhikode, Kerala. The auction will take place on November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at ₹36,00,000, with an Earnest Money Deposit (EMD) of ₹3,60,000 required to participate. This is a prime opportunity to acquire property in a sought-after location.
Borrower Name:Mr. Biju.K
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Soumini.K, Sri. Shiju
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Chathamangalam, Kozhikode, which is a developing area. The reserve price is reasonable and the property type is land and building. This provides a potential opportunity for capital appreciation, but due diligence is required regarding local market conditions and property verification.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
