Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612588
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹39,10,000
EMD:₹3,91,000
Auction Time:10:30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
This offering presents a valuable Land and Building asset located in the Thalappilly area of Thrissur, Kerala. As a residential property, it holds potential for various uses. The property is being auctioned by Canara Bank due to a SARFAESI action related to the borrower M/s Wellcare Chemicalls.
State:Kerala
City:Thrissur
Area:Thalappilly
Asset Category:Residential
Full Address:Sy no.76/P in Kiralur village, Thalappilly taluk, Thrissur district, Thalappilly, Thrissur
Size:6.07 Ares
Auction Description
Canara Bank is conducting an online SARFAESI auction for a Land and Building property in Thalappilly, Thrissur, Kerala. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹39,10,000, with an Earnest Money Deposit (EMD) of ₹3,91,000 required to participate. This is a prime opportunity to acquire a property through a transparent auction process.
Borrower Name:M/s Wellcare Chemicalls
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property represents a calculated opportunity due to its commercial building, location in Thalappilly, and the auction terms set by Canara Bank. The reserve price appears reasonable given the land size and building, however, further due diligence is recommended to assess market value and potential returns.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:0484-2353072/2353071
