Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610669
Bank Name:Canara Bank
Branch Name:ARM BRANCH, KOZHIKODE
Reserve Price:₹32,40,000
EMD:₹3,24,000
Auction Time:Between 11.30 AM to 12.30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This is a bank auction property located in the scenic region of Mananthavady, Wayanad, Kerala. The property is categorized as residential land and is being auctioned by Canara Bank under the SARFAESI Act. Ideal for those looking to invest in land in a sought-after area.
State:Kerala
City:Wayanad
Area:Mananthavady
Asset Category:Residential
Full Address:Re Sy No: 227/14, Old Sy No: 227/10,227/4, Porunnanore Amsom, Changadom Desom, Mananthavady, Wayanad
Size:0.1132 Hrs
Auction Description
Canara Bank is conducting a SARFAESI auction for a prime piece of residential land in Mananthavady, Wayanad, Kerala. The auction will take place on November 25, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at 32,40,000 INR, with an Earnest Money Deposit (EMD) of 3,24,000 INR. This is a valuable opportunity to acquire property in a developing region.
Borrower Name:M/s Wayanad Traders Hill Produce Dealers
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Shameena, Mrs. Aleema
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in a developing area, offering potential for appreciation. While the location is not prime, the price point and auction terms make it a calculated opportunity for investors interested in land acquisition. Further due diligence on local market trends is advised.
Contact Details
Branch:Branch Office : ARM BRANCH, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
