Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611916
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹65,40,000
EMD:₹6,54,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This is a prime residential property located in Payyanur, Kannur, Kerala. The asset category is residential, and the property type is Land And Building. It is being auctioned by Canara Bank under the SARFAESI Act. The property is situated in a well-developed area of Kannur, offering a great opportunity for residential investment.
State:Kerala
City:Kannur
Area:Payyanur
Asset Category:Residential
Full Address:Vayakkara Village, Payyannur Taluk, Vayakkara, Kannur
Size:0.0638 Hectors
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building property in Payyanur, Kannur, Kerala. The auction will be held on November 28, 2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price for this auction is ₹65,40,000, with an Earnest Money Deposit (EMD) of ₹6,54,000 required. This is a valuable opportunity to acquire a property in a sought-after location.
Borrower Name:Sri. Shemin Michael
Auction Type:SARFAESI Auction
Guarantor Names:Smt. Shainy Michael
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
Located in Payyanur, Kannur, this land and building offers a calculated opportunity for investment. The reserve price of ₹6540000 and the specified EMD make it accessible. However, potential buyers should carefully assess the location and property specifics before bidding.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:9188406941
