Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613544
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹2,92,00,000
EMD:₹29,20,000
Bid Increment:₹50,000
Auction Time:11:00 A.M to 4:00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
This is a prime land parcel located in Kottakkal, Malappuram, Kerala, offered by the State Bank of India. The property is designated as residential land and is part of a SARFAESI auction. It presents a significant investment opportunity in a developing area.
State:Kerala
City:Malappuram
Area:Kottakkal
Asset Category:Residential
Full Address:Re Sy. No.202/7 (Old Sy No.63/4) Block No.39, Kottakkal Village, Thirur Taluk, Kottakkal, Malappuram
Size:9.11 Ares
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential land property in Kottakkal, Malappuram. The reserve price is ₹2,92,00,000, with an Earnest Money Deposit (EMD) of ₹29,20,000. Bidding will commence on November 28, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. This auction is an excellent chance to acquire valuable land.
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:There is an attachment of Commercial Taxes Officer 1 Tirur, which is dated subsequent to the mortgage(as per EC)
Why This Property
The property is a land parcel in Kottakkal, Malappuram, offered at a reserve price of ₹29,200,000. While the location is promising, potential investors should carefully assess the encumbrance details and market value before bidding. This offers a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
