Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611810
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹7,00,000
EMD:₹70,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a valuable parcel of land located in Palakkad, Kerala, offered by Indian Bank. Situated in the Palakkad area, this residential asset presents a prime opportunity for development or investment. The property is being auctioned under the SARFAESI Act. Don't miss this chance to acquire land in a sought-after region of Kerala.
State:Kerala
City:Palakkad
Area:Palakkad
Asset Category:Residential
Full Address:old sy no 348/4, Re Sy no 423/18 at block no 46 at Kodumbu village TiruvalathurAmsom and Desam, Palakkad Taluk, Kodumbu village, Palakkad
Size:0.0526 hectares
Auction Description
Indian Bank presents a SARFAESI auction for a parcel of land in Palakkad, Kerala. The auction will take place on December 10, 2025, starting at 11:00 AM and concluding at 05:00 PM on the same day. The reserve price for this residential land is ₹7,00,000, with an Earnest Money Deposit (EMD) of ₹70,000 required. This is a direct opportunity to bid on a property previously owned by M/s ABEL VZAC Garment Manufacturers India Pvt Ltd.
Borrower Name:M/s ABEL VZAC Garment Manufacturers India Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Issac Varghese, Mrs. Raseena K, Mr Balakrishnan V
Legal Details
Encumbrance Details:Nil as per Bank record
Why This Property
The property offers a moderate investment opportunity due to its location in Palakkad and relatively low reserve price. The land's small size might limit development options, but the clear encumbrance status improves its appeal. It's a calculated risk that could yield positive returns.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
