Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613456
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹62,10,000
EMD:₹6,21,000
Auction Time:11.00 am to 12.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a SARFAESI auction for a Land and Building property located in Nilambur Taluk, Malappuram, Kerala. The property is categorized as Residential and is being auctioned by Canara Bank. The borrower is M/s Thavakkal Timber Merchant. The auction presents a unique opportunity to acquire a property in a well-known area of Kerala.
State:Kerala
City:Malappuram
Area:Nilambur Taluk
Asset Category:Residential
Full Address:Re Sy No. 20/12, Block No. 139, at Porur Village, Nilambur Taluk, Porur Village, Malappuram
Size:47.00 cents
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential Land and Building property in Nilambur Taluk, Malappuram, Kerala. The auction will take place on November 29, 2025, from 11:00 AM to 12:00 PM. The reserve price for this auction is INR 6,210,000, with an Earnest Money Deposit (EMD) of INR 621,000. This is a timed online auction event.
Borrower Name:M/s Thavakkal Timber Merchant
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Muhammedali KP., Mrs. Suhara Beevi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent investment opportunity due to its land size and residential building in Nilambur. The reserve price seems fair for the location, though further due diligence is advised. Given the auction terms, it's a calculated risk with moderate potential for return.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no:9188406941
