Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613367
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹26,40,000
EMD:₹2,64,000
Auction Time:11:30 A.M. to 12:30 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a SARFAESI auction property located in Mananthavady, Wayanad, Kerala. The property is a land and building, categorized as residential. It is being auctioned by Canara Bank. The borrower's name is Mr. Ummer Kalpany. This presents a unique opportunity to acquire a property in the scenic region of Wayanad.
State:Kerala
City:Wayanad
Area:Mananthavady
Asset Category:Residential
Full Address:Re Sy No. 433 at Vellamunda amsom and desom, Mananthavady Taluk, Wayanad District, Vellamunda, Mananthavady
Size:0.0324 hectors
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Mananthavady, Wayanad, Kerala. The auction will take place on November 27, 2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price for this residential property is ₹26,40,000, with an Earnest Money Deposit (EMD) of ₹2,64,000. Interested bidders should review all auction terms and conditions provided by Canara Bank.
Borrower Name:Mr. Ummer Kalpany
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing area, offering potential for appreciation. The reserve price seems reasonable, but further due diligence is required to assess local market conditions. Given the location and property type, it's a calculated opportunity for those seeking investment in Kerala.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
