Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612223
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹56,55,000
EMD:₹5,65,500
Bid Increment:₹10,000
Auction Time:12:00 PM to 01:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A prime plot of land located in Kannur, Kerala. This residential land offers a great opportunity for development or investment in a developing area. The property is situated in Kannur city, providing access to local amenities and infrastructure. Ideal for those looking to own a piece of land in this scenic region of Kerala.
State:Kerala
City:Kannur
Area:Kannur
Asset Category:Residential
Full Address:O.S.No. 77/1, Re.Sy.No.171/6C of Madayi Village, Kannur Taluk, Kannur District, Madayi Village, Kannur
Size:6.47 Ares
Auction Description
South Indian Bank presents a SARFAESI auction for a land parcel in Kannur, Kerala. The auction will be held online on November 21, 2025, from 12:00 PM to 01:00 PM. The reserve price is set at ₹56,55,000, with an Earnest Money Deposit (EMD) of ₹5,65,500 required to participate. This is a significant opportunity to acquire land through a bank auction process.
Borrower Name:Mr.Abdul Hameed
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Asma Hameed
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is a land parcel in Kannur, Kerala, offered at a reasonable reserve price. While it represents a calculated opportunity due to its location and land type, potential buyers should assess local market conditions. The clear auction terms and bank's involvement reduce risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:0497-2767645
