Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:611661
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, KOZHIKODE
Reserve Price:₹15,00,000
EMD:₹1,50,000
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 is a prime plot of land located in the well-developed area of Tirurangadi, Malappuram, Kerala. Ideal for residential development, this property offers a great opportunity for investment in a growing region. The land is situated in a sought-after location with good connectivity and access to essential amenities.
State:Kerala
City:Malappuram
Area:Tirurangadi
Asset Category:Residential
Full Address:Re Sy No. 115/4-4, Oorakam Village, Oorakkam Panchayat, Oorakam, Tirurangadi
Size:18.48 Cents
Auction Description
Indian Bank is conducting a SARFAESI auction for a valuable plot of land in Tirurangadi, Malappuram, Kerala. The auction will commence on December 10, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this residential land is ₹15,00,000, with an Earnest Money Deposit (EMD) of ₹1,50,000 required. This is a unique opportunity to acquire land in a desirable location.
Borrower Name:M/s High Line Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Noushad Allakkar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil as per Bank record
Why This Property
The property is a vacant land in a developing area of Malappuram. The reserve price seems reasonable, but further due diligence is needed to assess the land's potential and market value. Given the location and type, it represents a calculated opportunity for investors.
Contact Details
Branch:Branch Office : ZONAL OFFICE, KOZHIKODE
Service Provider:BAANKNET
Contact Details:
Authorised Officer
Contact no:8291220220
