Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609319
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹8,10,000
EMD:₹81,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 5:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
A parcel of land located in Kannur, Kannur, Kerala, offered by Indian Bank. This residential land presents a potential development opportunity in a well-established area. The property is being auctioned under SARFAESI proceedings.
State:Kerala
City:Kannur
Area:Kannur
Asset Category:Residential
Full Address:OS No. 15 A2, 59 A2, R Sy. No. 41/2, 40/21B, Elayavoor Village, Elayavoor Panchayat, Kannur Sb District, Kannur Taluk, Kannur District, Elayavoor, Kannur
Size:1.21 ares
Auction Description
Indian Bank is conducting a SARFAESI auction for a land property in Kannur, Kerala. The auction will take place on November 19, 2025, starting at 11:00 AM and concluding at 5:00 PM. The reserve price is INR 8,10,000, with an EMD of INR 81,000. This is an opportunity to acquire a plot of land directly from the 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 is a land parcel in Kannur offered at a reasonable reserve price. While not a prime investment, it presents a calculated opportunity due to its location and potential for future development. The auction terms are standard, and further due diligence is recommended.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Shri, Karthik Reddy. C
Contact no:7259664202
