Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612478
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹1,14,00,000
EMD:₹11,40,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a SARFAESI auction by Canara Bank for a residential land and building located in Koyilandy, Kozhikode, Kerala. The property was previously owned by Mr. Majeed V.P. This is a prime opportunity to acquire a property in a developing area.
State:Kerala
City:Kozhikode
Area:Koyilandy
Asset Category:Residential
Full Address:Paleri Amsom, Paleri Village, Koyilandy Taluk, Kozhikode District, Paleri, Kozhikode
Size:17.69 Ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Koyilandy, Kozhikode. The auction will take place on November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹1,14,00,000 with an EMD of ₹11,40,000. This is an excellent opportunity to bid on a residential asset in Kerala.
Borrower Name:Mr.Majeed V.P
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Shameela M
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity given its residential nature and location in Koyilandy. However, potential investors should carefully evaluate the terms of the auction and conduct a thorough due diligence of the property's condition and legal status. The reserve price appears fair, warranting consideration for informed buyers.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
