Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613462
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹19,10,000
EMD:₹1,91,000
Auction Time:11.00 am to 12.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a prime parcel of land located in the scenic Nilambur Taluk of Malappuram, Kerala. The property is offered by Canara Bank through a SARFAESI auction. Suitable for residential development, this land presents a fantastic opportunity for buyers seeking to invest in a growing region. The area is known for its natural beauty and accessibility, making it an attractive location for a home or future development project.
State:Kerala
City:Malappuram
Area:Nilambur Taluk
Asset Category:Residential
Full Address:Karuvarankundu Village, Nilambur Taluk, Karuvarankundu Village, Malappuram
Size:107.43 Are
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable land parcel in Nilambur Taluk, Malappuram, Kerala. The auction will take place on November 29, 2025, from 11:00 AM to 12:00 PM. The reserve price for this residential land is ₹19,10,000, with an Earnest Money Deposit (EMD) of ₹1,91,000 required to participate. This is a great opportunity to acquire land in a desirable location.
Borrower Name:M/sTopaz Hardwares
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Muhammed Najmudheen, Mr. Kunnath Moosa
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a sizable land parcel in Nilambur, Kerala, offered at a relatively low reserve price. While the location has potential, the auction terms and symbolic possession suggest a calculated approach is warranted. Further due diligence is recommended to assess local market conditions and any potential risks.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
