Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:611481
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹2,50,00,000
EMD:₹25,00,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
Punjab National Bank is auctioning a prime plot of land in Kozhikode, Kerala. This valuable asset, located in the heart of Kozhikode city, is being offered under the SARFAESI Act. Ideal for residential development, this land presents a significant investment opportunity in a rapidly growing area. Don't miss out on acquiring this substantial plot of land.
State:Kerala
City:Kozhikode
Area:Kozhikode
Asset Category:Residential
Full Address:Sy. No. 110/A6B and R.S.Nos.1-5-207 and 208 and New R.S.Nos. 1-5-207/3 and 208/6 as per Thandapper account in Katcheri Village and Kurumbrakattuserry Desom, Katcheri Village and Kurumbrakattuserry Desom, Kozhikode
Size:27.39 cent
Auction Description
This is a SARFAESI auction conducted by Punjab National Bank for a piece of land in Kozhikode, Kerala. The auction will take place on December 5, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this residential land is ₹2,50,00,000, with an Earnest Money Deposit (EMD) of ₹25,00,000 required to participate. This is a unique chance to acquire property through a bank auction.
Borrower Name:M/s. RN TRADERS
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Ashok Gopalakrishna Nadar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Kozhikode and its substantial size make it a potentially valuable investment. While it's a land parcel requiring development, the price point relative to the area suggests strong upside potential. The auction terms are standard, indicating a worthwhile opportunity for serious investors.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
