Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613100
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹54,15,000
EMD:₹5,41,500
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 Land and Building property located in Ernad, Malappuram, Kerala. The asset is categorized as Residential and is being auctioned by Canara Bank under the SARFAESI Act. The borrower is M/s Muhabath Home Bazar. This is an excellent opportunity to acquire a property in a key location within Malappuram.
State:Kerala
City:Malappuram
Area:Ernad
Asset Category:Residential
Full Address:Re Sy No. 262/13, 264/8, Block No. 73, at Edavanna Village, Edavanna, Malappuram
Size:31.50 Cents
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Residential Land and Building property in Ernad, Malappuram, Kerala. The auction will take place on November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹54,15,000, with an Earnest Money Deposit (EMD) of ₹5,41,500. Interested bidders should ensure they meet all auction prerequisites before participating.
Borrower Name:M/s Muhabath Home Bazar
Auction Type:SARFAESI Auction
Guarantor Names:Nashad A
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property in Ernad, Malappuram, offers a reasonable opportunity given its land size and residential building. The location is not prime but has potential. The reserve price and EMD seem appropriate, meriting a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
