Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609464
Bank Name:Bank of Baroda
Branch Name:Regional Office
Reserve Price:₹19,94,000
EMD:₹1,99,400
Bid Increment:₹10,000
Auction Time:2:00 PM to 6:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-11-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This is a bank auction by Bank of Baroda for a residential Land and Building property in Palakkad, Kerala. The property is located in the Palakkad area, identified under borrower Mr. Renjith P. This SARFAESI auction presents an opportunity to acquire a land and building asset in a prominent location. The auction has a reserve price of ₹19,94,000 and an EMD of ₹1,99,400.
State:Kerala
City:Palakkad
Area:Palakkad
Asset Category:Residential
Full Address:21/322, Door no 21/322 with old survey no 174,27/12 Re survey no 27/22, Block 22, TP no 2870 in Puduppariyaram-1 Village Nochippully Amsam/Desom, Nochippully, Palakkad
Size:0.0445 Hectors
Auction Description
Bank of Baroda is conducting a SARFAESI auction for a Land and Building property in Palakkad, Kerala. The auction will take place on 05-12-2025, starting at 02:00 PM and concluding at 06:00 PM. The reserve price for this valuable asset is ₹19,94,000, with an Earnest Money Deposit (EMD) of ₹1,99,400 required to participate. This is a prime opportunity for potential buyers to acquire a property through a transparent auction process.
Borrower Name:Mr.Renjith P
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Bindu, Mariakutty M
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property offers a reasonable opportunity given its residential nature and location in Palakkad. The reserve price seems fair, but potential buyers should thoroughly inspect the property and verify legal details before bidding. A cautious approach is recommended due to potential encumbrances despite the stated 'NIL' encumbrance.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Chief Manager & Authorised Officer
Contact no:9446899237
