Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613097
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹1,83,15,000
EMD:₹18,31,500
Auction Time:11:30 A.M. to 12:30P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a SARFAESI auction for a residential land and building located in Ernad, Malappuram, Kerala. The property is being auctioned by Canara Bank, with a reserve price of ₹1,83,15,000. The Earnest Money Deposit (EMD) required is ₹18,31,500. This is an excellent opportunity to acquire a property in a prime location.
State:Kerala
City:Malappuram
Area:Ernad
Asset Category:Residential
Full Address:RS No. 109/5-1 of Edavanna Village, Ernad Taluk, Malappuram District, Edavanna, Malappuram
Size:97.47 Cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Ernad, Malappuram, Kerala. The auction will be held on 29-11-2025, starting at 11:30 AM and ending at 12:30 PM. The reserve price is ₹1,83,15,000 and the EMD is ₹18,31,500. This is an online auction event.
Borrower Name:M/s GSM Exporters LLP
Auction Type:SARFAESI Auction
Guarantor Names:Abdul Majeed, Zeenath Hamza, Abdul Gafoor, Shajimon E.K, Shoukathali P.V, Najeeb Parambil, Shihabudheen C
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a sizeable land area with existing structures in a developing location, presenting a good opportunity for redevelopment or residential use. The reserve price is relatively high, requiring careful consideration of market value and potential returns. While the location is promising, detailed due diligence is essential before investing.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
