Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611919
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹54,80,000
EMD:₹5,48,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
A valuable land and building asset located in Vadakara, Kozhikode, Kerala. This residential property, previously owned by M/s Fitz Fashion, presents an excellent opportunity for investment or personal use. Its strategic location within Kozhikode offers accessibility and potential for future growth. The property is being auctioned by Canara Bank under SARFAESI regulations, making it a legally sound transaction.
State:Kerala
City:Kozhikode
Area:Vadakara
Asset Category:Residential
Full Address:Sy.No 42/6, ward no 27, Nadakkuthazhae village, Nadakkuthazhae, Kozhikode
Size:15.12 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Vadakara, Kozhikode, Kerala. The auction will commence on November 28, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price is set at ₹5,480,000, with an Earnest Money Deposit (EMD) of ₹548,000 required to participate. This is a prime opportunity to acquire a residential asset through a transparent and regulated auction process.
Borrower Name:M/s Fitz Fashion
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sudheer VK, Mr. Praveen Kumar, Mr. V K Krishnan, Mr. KV Chandran
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property in Vadakara offers potential due to its land size and residential building. However, the market price and specific location details need further investigation. The reserve price of ₹5,480,000 and the relatively standard auction terms make it a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
