Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609322
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹40,00,000
EMD:₹4,00,000
Bid Increment:₹25,000
Auction Time:11.00A.M. to 5.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a valuable plot of land located in the prime area of Kannur, Kerala. The property is categorized as residential, offering a great opportunity for development or investment. Situated in the well-connected city of Kannur, this land presents a promising prospect for buyers seeking real estate in a growing region.
State:Kerala
City:Kannur
Area:Kannur
Asset Category:Residential
Full Address:OS No. 14/5, R Sy. No 17/1A, Elayevoor Village, Elayavoor Panchayat, Kannur Sb District, Kannur Taluk, Elayavoor, Kannur
Size:4.05 ares
Auction Description
Indian Bank presents a SARFAESI auction for a plot of land in Kannur, Kerala. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this residential land is ₹40,00,000, with an Earnest Money Deposit (EMD) of ₹4,00,000 required. This is an excellent opportunity to acquire property through a bank auction, facilitated by Indian Bank.
Borrower Name:M/s. Translog Support Services Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Seema Ranjith, Mr. K. C. Sandeep, Mr. T. N. Ranjith, Mrs. T. N. Veena
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property's location in Kannur, Kerala, coupled with its manageable size, presents a moderate investment opportunity. The reserve price and EMD are reasonable, but the auction terms should be carefully reviewed. This is a calculated opportunity suitable for investors familiar with the local market.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Shri. Karthik Reddy. C
Contact no:7259664202
