Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613533
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹42,00,000
EMD:₹4,20,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a SARFAESI auction for a valuable plot of land located in Malappuram, Kozhikode, Kerala. The property is classified as residential land and is being auctioned by the State Bank of India. Ideal for development or investment, this land offers a prime opportunity in a sought-after region. The auction is conducted under the SARFAESI Act, ensuring a transparent and legal process for all participants. Don't miss this chance to acquire a significant asset in Kerala.
State:Kerala
City:Kozhikode
Area:Malappuram
Asset Category:Residential
Full Address:Re Sy. No.214/3 (Old Sy No. 33) Block No.20, Kizhuparamba Village, Ernad Taluk, Kizhuparamba Village, Malappuram
Size:38.26 Ares
Auction Description
State Bank of India presents a SARFAESI auction for residential land in Malappuram, Kozhikode. The auction will take place on November 28, 2025, starting at 11:00 AM and concluding at 01:00 PM. The reserve price for this property is ₹42,00,000, with an Earnest Money Deposit (EMD) of ₹4,20,000 required to participate. This auction is a fantastic opportunity to own land in Kerala, facilitated by a transparent SARFAESI process. Bid competitively for this promising asset.
Borrower Name:M/s Ernad Construction Company
Auction Type:SARFAESI Auction
Guarantor Names:Mr. M K. Ali, Mr. M K Abdul Aziz, Mr. Abdurahiman, Mr. P. Salim, Mr. M Shoukathali
Legal Details
Possession Status:Physical
Encumbrance Details:Nil to the knowledge of the Bank
Why This Property
The property is a land parcel in a rural location with a moderate reserve price. While the encumbrance status is clear, the overall investment appeal is average due to the area. It represents a calculated opportunity for local investors.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
