Land for auction 23 Victoria Realtors, Alathur, Palakkad by BOI

This SARFAESI auction presents an opportunity to acquire land and a building in Alathur, Palakkad, Kerala. The property, previously owned by Mr. Sudheesh Kumar BP, is being auctioned by the Bank of India. It falls under the residential asset category. The location offers potential for development or personal use. Interested parties should conduct their own due diligence regarding the property's condition and legal status. The reserve price is ₹30,20,000 with an Earnest Money Deposit (EMD) of ₹3,02,000.

The Bank of India is conducting an e-auction under SARFAESI Act for a residential property comprising land and a building in Alathur, Palakkad, Kerala. The auction will commence on October 30, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this auction is set at ₹30,20,000, with a mandatory Earnest Money Deposit (EMD) of ₹3,02,000. Bidders are advised to review all auction terms and conditions, and property details on the bank's official portal prior to participating.

The property is a residential land and building in a developing area, offered at a reasonable price. The location in Alathur, Palakkad, presents a calculated opportunity for potential appreciation. The auction terms, including the reserve price and EMD, require careful consideration before bidding.