Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613116
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH, KOZHIKODE
Reserve Price:₹93,00,000
EMD:₹9,30,000
Auction Time:11:00 A.M. to 12:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-12
Bid Start Date:2025-11-29
Property Description
This auction features a valuable land and building property located in the Nilambur Taluk of Malappuram, Kerala. Situated in a key area, this asset offers significant potential for residential use or development. The property is part of a SARFAESI auction conducted by Canara Bank, presenting a unique opportunity for interested buyers.
State:Kerala
City:Malappuram
Area:Nilambur Taluk
Asset Category:Residential
Full Address:R Sy. No.207/9-2 of Wandoor Village, Nilambur Taluk, Malappuram District, Wandoor, Malappuram
Size:3.18 Ares
Auction Description
Canara Bank is holding a SARFAESI auction for a land and building property in Nilambur Taluk, Malappuram, Kerala. The bidding will commence on December 12, 2025, at 11:00 AM and conclude at 12:00 PM on the same day. The reserve price for this residential asset is ₹9,300,000, with an Earnest Money Deposit (EMD) of ₹930,000 required. This is a prime opportunity to acquire a property in a sought-after location.
Borrower Name:M/s Pulikkal Stores
Auction Type:SARFAESI Auction
Guarantor Names:Mr Mujeeb Rahman.K, Mrs.Sirdhara.M
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Nilambur, Kerala, offers a residential land and building with moderate investment appeal. The location is decent, but auction terms require careful consideration due to the symbolic possession. It's priced reasonably, making it a calculated opportunity rather than a prime investment.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
