Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612609
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹23,00,000
EMD:₹2,30,000
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 valuable land and building property located in the serene Taliparamba area of Kannur, Kerala. Ideal for residential purposes, this asset presents a unique opportunity for investors and homebuyers alike. The property is being auctioned by Canara Bank under the SARFAESI Act, offering a chance to acquire a well-situated piece of real estate.
State:Kerala
City:Kannur
Area:Taliparamba
Asset Category:Residential
Full Address:R.S. No. 79/109 (Old S. No. 36)of Kurumathur Amsom, Kanichamal Desom, Talipparamba Taluk, Kannur District, Kurumathur, Kannur
Size:0.0315 hectors
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Taliparamba, Kannur, Kerala. The auction will take place on November 29, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price is set at ₹23,00,000, and the Earnest Money Deposit (EMD) required is ₹2,30,000. This is a fantastic opportunity to purchase residential property through a transparent auction process.
Borrower Name:Ramees T
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity for investment due to its location in Taliparamba and the presence of both land and a residential building. The reserve price seems reasonable, and further investigation into the property's condition and local market trends is recommended before making a bid. The auction terms appear standard, making it a calculated risk.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
