Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613384
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹39,60,000
EMD:₹3,96,000
Auction Time:11:00 A.M. to 12:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
A valuable land and building asset located in the bustling area of Kondotty, Malappuram, Kerala. This residential property offers a prime investment opportunity in a growing region. The asset is being auctioned by Canara Bank under the SARFAESI Act. Ideal for developers or individuals seeking a property in a well-connected locality.
State:Kerala
City:Malappuram
Area:Kondotty
Asset Category:Residential
Full Address:Re Sy No. 117/9-4, Block No. 36, at Nediyiruppu Village, Kondotty Taluk, Nediyiruppu, Malappuram
Size:8.64 Cents
Auction Description
Canara Bank presents a SARFAESI auction for a land and building property in Kondotty, Malappuram. The auction will be held on November 29, 2025, from 11:00 AM to 12:00 PM. The reserve price is set at INR 39,60,000, with an Earnest Money Deposit (EMD) of INR 3,96,000 required to participate. Don't miss this chance to acquire a significant asset.
Borrower Name:Mr. Varun PP
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ramachandran P P, Mrs. Anila Sree BP, Mrs. Vasanthakumari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Kondotty offers a reasonable opportunity given its location and size. The reserve price is moderate, and while the auction terms are standard, the property's potential for appreciation should be carefully evaluated. It's a calculated opportunity for buyers familiar with the local market.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
