Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610002
Bank Name:Indian Bank
Branch Name:Tirumullaivoyal Branch
Reserve Price:₹20,00,000
EMD:₹2,00,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a bank auction of vacant land located in Marthandam, Kanyakumari district, Tamil Nadu. The property is a residential asset offered by Indian Bank under the SARFAESI Act. It presents an opportunity to acquire land in a developing area of Kanyakumari.
State:Tamil Nadu
City:Kanyakumari
Area:Marthandam
Asset Category:Residential
Full Address:Onathankottuvilai, Malaikode, Edaikode Post, Malaikode, Marthandam
Size:2.50 Cents
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Marthandam, Kanyakumari. The auction will take place on November 19, 2025, from 10:00 AM to 04:00 PM. The reserve price is ₹20,00,000, with an EMD of ₹2,00,000. This is a single opportunity to bid on this land.
Borrower Name:M/s. St Alphonsa
Auction Type:SARFAESI Auction
Guarantor Names:Mr.P Lettus, Mrs Prema P
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The land offers a decent investment prospect given its location in Marthandam. The price point seems fair, but potential investors should carefully evaluate the encumbrance status and local market conditions before committing. This makes it a 'Calculated Opportunity' where due diligence is crucial.
Contact Details
Branch:Branch Office : Tirumullaivoyal Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
