Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610292
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹40,24,000
EMD:₹4,02,400
Bid Increment:₹10,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A valuable parcel of land located in the prime area of Thalassery, Kannur, Kerala. This residential plot offers a great opportunity for development or investment. Situated in a well-connected locality, it benefits from the growing infrastructure and potential of the region. Ideal for those looking to build their dream home or a profitable venture in a sought-after location.
State:Kerala
City:Kannur
Area:Thalassery
Asset Category:Residential
Full Address:Old Sy. No.44, Re.Sy.No.54/1, New Re.Sy. Nos. 55/3, 55/1 & 51/4 at Block No. 82 of Kannavam Village, Thalassery Taluk, Kannur District, Kannavam Village, Kannur
Size:57.45 Cents
Auction Description
South Indian Bank presents a SARFAESI auction for a prime land parcel in Thalassery, Kannur, Kerala. The auction will be held online on November 21, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹40,24,000, with an Earnest Money Deposit (EMD) of ₹4,02,400 required to participate. This is a unique opportunity to acquire a significant asset from Mr. Sahadevan's account through a transparent auction process.
Borrower Name:Mr.Sahadevan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Sheeba V M
Legal Details
Possession Status:Physical
Encumbrance Details:no encumbrance
Why This Property
The property, a land parcel in Thalassery, presents a calculated opportunity due to its location and size. The reserve price is relatively moderate, however, prospective buyers should conduct thorough due diligence on the local market conditions before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:0490-2365327
