Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613098
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹31,10,000
EMD:₹3,11,000
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 is a SARFAESI auction property located in Ernad, Malappuram, Kerala. The asset category is residential, comprising land and a building. The property is being auctioned by Canara Bank. The borrower is M/s GSM Exporters LLP. The auction is scheduled for November 29, 2025, from 11:30 AM to 12:30 PM. The reserve price is ₹3,110,000, and the EMD is ₹311,000. This presents a potential opportunity for buyers looking for residential property in the Malappuram region.
State:Kerala
City:Malappuram
Area:Ernad
Asset Category:Residential
Full Address:RS No. 148/12, Perakamanna Village, Ernadu Taluk, Malappuram District, Perakamanna Village, Malappuram
Size:13.53 Cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building property in Ernad, Malappuram, Kerala. The auction will take place on November 29, 2025, with bidding open between 11:30 AM and 12:30 PM. The property is offered with a reserve price of ₹3,110,000 and requires an Earnest Money Deposit (EMD) of ₹311,000. This is a direct sale by the bank to recover dues from M/s GSM Exporters LLP. Interested parties should review the full auction terms and conditions provided by Canara Bank.
Borrower Name:M/s GSM Exporters LLP
Auction Type:SARFAESI Auction
Guarantor Names:Abdul Majeed, Zeenath Hamza, Abdul Gafoor, Shajimon E.K, Shoukathali P.V, Najeeb Parambil, Shihabudheen C
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building located in Ernad, Malappuram. The price appears reasonable given the location. Further due diligence is recommended before bidding due to the 'as is where is' nature of bank auctions.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
