Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612080
Bank Name:Punjab National Bank
Branch Name:ARMB: Chennai
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
This offering features a prime plot of land located in the bustling Katcheri area of Kozhikode, Kerala. Ideal for development, this residential land presents a unique opportunity in a sought-after urban locale. The property is being auctioned by Punjab National Bank.
State:Kerala
City:Kozhikode
Area:Katcheri
Asset Category:Residential
Full Address:Kozhikode Corporation, 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, Katcheri Village, Kozhikode
Building/Society:Kozhikode Corporation
Size:27.39 cent
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a valuable land parcel in Katcheri, Kozhikode. The auction will commence on December 5, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹2,50,00,000, with an Earnest Money Deposit (EMD) of ₹25,00,000 required to participate. This is a significant opportunity to acquire a land asset in a key location.
Borrower Name:M/s. RN TRADERS
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Rahul Baburaj, Ms.Megha Ashok, Mr. Ashok Gopalakrishna Nadar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known
Why This Property
The land in Katcheri, Kozhikode presents a calculated investment opportunity given its location and size. While the reserve price is considerable, the auction terms are standard, making it suitable for investors familiar with the area and market conditions. Further due diligence is recommended to assess the long-term potential.
Contact Details
Branch:Branch Office : ARMB: Chennai
Service Provider:BAANKNET
Contact Details:
Contact no: —
