Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614525
Bank Name:Cholamandalam Investment And Finance Company Limited
Branch Name:Corporate Office : Chennai
Reserve Price:₹36,27,450
EMD:₹3,62,745
Bid Increment:₹10,000
Auction Time:02.00 P.M. to 04.00 P.M.
Service Provider:auctionfocus.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This auction presents a valuable parcel of land in Thalassery, Kannur, Kerala, offered by Cholamandalam Investment And Finance Company Limited. Situated in a prominent area, this residential land provides an excellent opportunity for development or investment. The property is being auctioned under SARFAESI rules, presenting a clear and straightforward transaction process. Ideal for those looking to acquire land in a growing region.
State:Kerala
City:Kannur
Area:Thalassery
Asset Category:Residential
Full Address:Thazhe Thundivil House. Thazhekkavu Road Melur Po Palayad Kannur, Andalur Valavad. Thalassery. Kerala 670661, Dharmadam, Kannur
Size:1.31 Ares
Auction Description
Cholamandalam Investment And Finance Company Limited is conducting a SARFAESI auction for a land property in Thalassery, Kannur, Kerala. The auction will take place on November 26, 2025, from 02:00 PM to 04:00 PM. The reserve price is set at ₹36,27,450, with an Earnest Money Deposit (EMD) of ₹3,62,745 required to participate. This is a prime opportunity to bid on a residential land asset.
Borrower Name:Mr/Mrs. Binesh Varachalil
Auction Type:SARFAESI Auction
Guarantor Names:Mr/Mrs. Mammali Sindhu
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Thalassery, Kannur, combined with its land classification, makes it a worthwhile but calculated investment. The reserve price is reasonable, but prospective buyers should conduct thorough due diligence. Constructive possession adds a layer of complexity, influencing the final rating.
Contact Details
Branch:Branch Office : Corporate Office : Chennai
Service Provider:auctionfocus.in
Contact Details:
Renish A.R
Contact no:8592982255
