Land And Building for auction Kalliasseri Kannur 32 lakh CIFCL

This auction features a valuable Land and Building property located in the serene Kalliasseri area of Kannur, Kerala. The asset, previously associated with Mr/Mrs. Kadavath Peedikayil Sunaida, is categorized as residential and is being brought to auction by Cholamandalam Investment And Finance Company Limited. This is an excellent opportunity to acquire property in a well-regarded region of Kerala. The property type is land with an existing building, offering potential for various uses. Its location in Kannur provides access to local amenities and infrastructure.

Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a Land and Building property in Kalliasseri, Kannur, Kerala. The auction will take place on November 26, 2025, with bidding open from 02:00 PM to 04:00 PM. The reserve price for this auction is set at ₹32,39,300, with an Earnest Money Deposit (EMD) of ₹3,23,930 required to participate. This is a significant opportunity for prospective buyers interested in acquiring a residential property through a bank auction. Ensure all participation requirements are met before the auction begins.

This property presents a reasonable opportunity due to its location in Kalliasseri, Kannur, and the offered reserve price. While the possession is constructive, further due diligence regarding the property's encumbrances is advisable before bidding. The auction terms appear standard, making it a calculated risk with potential for value appreciation.