Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:596443
Bank Name:Canara Bank
Branch Name:ARM Branch - Ernakulam
Reserve Price:₹26,50,000
EMD:₹2,65,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-10-30
Bid Start Date:2025-10-30
Property Description
A valuable land and building property located in Alathur, Palakkad, Kerala, offered by Canara Bank. This asset is categorized as residential and presents a unique opportunity for investment or personal use. Situated in a well-connected area, the property offers potential for various development or living arrangements. Further details on the exact size, dimensions, and condition of the land and building are available upon request.
State:Kerala
City:Palakkad
Area:Alathur
Asset Category:Residential
Full Address:Property No.1: Land in Re.Sy.No.328/11 (Old Sy.No.404/3A) and residential building in Block No.41 of Kizhakkancherry Village, Alathur Taluk, Palakkad District. Property No.2: Land in Re. Sy. No 328/11 (Old Sy.No.404/2B1) and a residential building in Block No.41 of Kizhakkanchery Village, Alathur Taluk, Palakkad District., Kizhakkancherry Village, Palakkad
Size:4.05 ares
Auction Description
Canara Bank presents a SARFAESI auction for a prime land and building property in Alathur, Palakkad. The auction will take place on October 30, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹26,50,000, with an Earnest Money Deposit (EMD) of ₹2,65,000 required to participate. This is a direct opportunity to acquire a property through a bank auction process, with M/s. Vegas Fashion listed as the borrower. Interested bidders should review all auction terms and conditions provided by Canara Bank.
Borrower Name:M/s.Vegas Fashion
Auction Type:SARFAESI Auction
Guarantor Names:Partners/Guarantors: Mr.Lijo K George, Arun M G, N.Gangadharan, Snehalatha Gangadharan, Midhun M.G.
Why This Property
The property presents a calculated opportunity due to its location in Alathur, Palakkad, and the nature of the asset being land with a residential building. The reserve price of ₹2650000 is a moderate entry point, but potential investors should conduct thorough due diligence on local market conditions and property values.
Contact Details
Branch:Branch Office : ARM Branch - Ernakulam
Service Provider:BAANKNET
Contact Details:
Contact no:0484-2353072/2353071
