Property for Auction in Ernad, Malappuram, Kerala
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609165
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹43,94,000
EMD:₹4,39,400
Bid Increment:₹25,000
Auction Time:10 AM to 4 PM
Service Provider:BAANKNET
Submission Date:10-11-2025 05:00 PM
Bid Start Date:2025-11-11
A valuable Land and Building property located in Ernad, Malappuram, Kerala, offered for auction by Indian Overseas Bank. This residential asset presents a great opportunity for investment or ownership in a prime location. The property is being auctioned under SARFAESI Act. **Key Details:** * **Property Type:** Land and Building * **Category:** Residential * **Location:** Ernad, Malappuram, Kerala * **Reserve Price:** INR 43,94,000 * **EMD:** INR 4,39,400
State:Kerala
City:Malappuram
Area:Ernad
Asset Category:Residential
Full Address:Re Sy. No. 159/10, Pulpetta Village, Ernad Taluk, Malappuram District, Pulpetta, Malappuram
Size:6.85 ares
Indian Overseas Bank presents a SARFAESI auction for a Land and Building property in Ernad, Malappuram, Kerala. This is a fantastic opportunity to acquire a residential asset formerly associated with Mr. N. Sasidharan. **Auction Schedule:** * **Date:** November 11, 2025 * **Time:** 10:00 AM to 4:00 PM **Financials:** * **Reserve Price:** INR 43,94,000 * **Earnest Money Deposit (EMD):** INR 4,39,400 Secure your bid for this promising property.
Borrower Name:Mr. N. Sasidharan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. C.A. Suganthi
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
The property is a residential land and building in a developing area of Kerala. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence on local market conditions and property valuation. It's a calculated opportunity with moderate risk.
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
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