Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614533
Bank Name:Federal Bank
Branch Name:LCRD-KOZHIKODE
Reserve Price:₹1,19,00,000
EMD:₹11,90,000
Service Provider:Public Auction
Important Dates
Submission Date:02-12-2025 05:00 PM
Bid Start Date:2025-12-03
Property Description
This auction features a prime Land and Building property located in Chelavoor, Kozhikode, Kerala. Situated in a sought-after residential area, this asset offers significant potential for development or personal use. The property is being auctioned by Federal Bank under SARFAESI provisions. Ideal for investors or end-users seeking a valuable real estate opportunity in Kozhikode.
State:Kerala
City:Kozhikode
Area:Chelavoor
Asset Category:Residential
Full Address:Building No. 18/692-A in Kozhikode Corporation, Re Sy. No. 65/1, Chelavoor, Kozhikode
Size:4.858 Ares
Auction Description
Federal Bank presents a SARFAESI auction for a Land and Building property in Chelavoor, Kozhikode. The auction will take place on December 3, 2025, with bidding open from 11:00 AM to 01:00 PM. The reserve price is set at ₹1,19,00,000, with an Earnest Money Deposit (EMD) of ₹11,90,000 required to participate. This is a unique opportunity to acquire a residential asset in Kerala.
Borrower Name:Ms/CK Hardwares and Sanitaries
Auction Type:SARFAESI Auction
Guarantor Names:Sri. Dharmarajan V K, Sri. Dinesan K, Smt. Seena Mathew, Sri. Dharmarajan V K, Sri. Dinesan K, Smt. Seena Mathew
Legal Details
Possession Status:Physical
Encumbrance Details:Description of the immovable property with known encumbrances, if any An extent of 4.858 Ares of land together with building No. 18/692-A in Kozhikode Corporation along with all improvements in Re Sy. No. 65/1 situated in Chelavoor Village, Kozhikode Taluk, Kozhikode Dist, Kerala State and bounded on East by Corporation Road, South by 1 foot lane, North by 10-foot width of way, West by Remaining part of the property, and more particularly described in Jenmam Assignment Deed No: 3761/2013 dated 24-10-2013 of SRO Chevayur
Why This Property
The property offers a decent investment opportunity due to its location in Chelavoor, Kozhikode. However, potential investors should carefully evaluate the reserve price and EMD in relation to the property's size and local market conditions. The 'As is where is' basis warrants a thorough due diligence.
Contact Details
Branch:Branch Office : LCRD-KOZHIKODE
Service Provider:Public Auction
Contact Details:
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