Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613158
Bank Name:Indian Overseas Bank
Branch Name:Regional Office
Reserve Price:₹58,23,000
EMD:₹5,82,300
Bid Increment:₹25,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:21-11-2025 05:00 PM
Bid Start Date:2025-11-24
Property Description
Indian Overseas Bank presents a prime land parcel in PANNIYANKARA, Kozhikode, Kerala. This residential land offers a unique opportunity for development in a sought-after location. Situated in a well-connected area, it is ideal for building your dream home or for investment purposes. The property is being auctioned under SARFAESI norms.
State:Kerala
City:Kozhikode
Area:PANNIYANKARA
Asset Category:Residential
Full Address:R.S.No.23-14-519/2, Panniyankara Village, Kozhikode, Panniyankara, Kozhikode
Size:2.63 ares
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a valuable land property in PANNIYANKARA, Kozhikode, Kerala. The auction will take place on 24-11-2025, starting at 10:00 AM and closing at 04:00 PM. The reserve price is set at ₹58,23,000, with an Earnest Money Deposit (EMD) of ₹5,82,300 required. This is a limited-time opportunity to acquire a desirable plot of land in a growing region. Don't miss out on this bank auction.
Borrower Name:M/s Bharat Electronics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Asokan M, Mr. V.Mani, Mr. V. Unnikrishnan, Mr. K. Jayaprakashan, Mr. Obaidullahkhan, Mr. Anandan. K, Mr. Sudheendran K.M, Mrs. Supriya K V, Mr. Jithesh, Mr. Sunil Kumar M, Mr. Gauridas T, Mr. Suraj T, Mrs. Kamalam, Mr. Hariharan PK
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Kozhikode and the combination of land and a residential building. The reserve price seems reasonable, but potential buyers should assess the property's condition and market value relative to the auction terms. Given the 'Not Known' encumbrance status, further due diligence is advised before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
