Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:600243
Bank Name:Canara Bank
Branch Name:Kannur
Reserve Price:₹53,64,000
EMD:₹5,36,400
Auction Time:1.00 PM to 1.30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-29
Bid Start Date:2025-10-31
Property Description
This property is a Land and Building located in Iritty, Kannur, Kerala, offered through a SARFAESI auction by Canara Bank. Mr. Abdul Rasheed Cheriyandi is the borrower. The asset category is residential.
State:Kerala
City:Kannur
Area:Iritty
Asset Category:Residential
Full Address:R.S No. 3/1, Kallyad Village, Kallyad Amsom and Desom, Iritty Taluk, Kannur District, Kallyad, Kannur
Size:0.1416 Hector
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Iritty, Kannur, Kerala. The auction will take place on 31-10-2025 from 01:00 PM to 01:30 PM. The reserve price is ₹53,64,000 and the Earnest Money Deposit (EMD) is ₹5,36,400. This is an opportunity to acquire a property directly from the bank.
Borrower Name:Mr. Abdul Rasheed Cheriyandi
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Naseema Thekumbath
Legal Details
Possession Status:Physical possession
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building in Iritty, Kannur, presents a reasonable opportunity given its location and reserve price. While not a prime investment, the location and the existing building make it a calculated risk worth considering. Auction terms are standard, and further due diligence on the property's condition is recommended.
Contact Details
Branch:Branch Office : Kannur
Service Provider:BAANKNET
Contact Details:
Branch Manager
Contact no:8547857614
