Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613023
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹60,50,000
EMD:₹6,05,000
Bid Increment:₹1
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-25
Property Description
Prime land parcel located in the heart of Kollam, Kerala. This desirable plot offers excellent potential for residential development. Situated in a well-connected area with all essential amenities nearby, it presents a unique investment opportunity. Ideal for builders and individual buyers looking to establish a presence in this growing region.
State:Kerala
City:Kollam
Area:Kollam
Asset Category:Residential
Full Address:Re Sy No. 205/10, 205/10-4, 205/17 of Paripally Village, Block 38, Paripally Village, Kollam
Size:38.12 Ares
Auction Description
Canara Bank presents a SARFAESI auction for a valuable land property in Kollam, Kerala. The auction will be held online on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹60,50,000, with an Earnest Money Deposit (EMD) of ₹6,05,000 required to participate. This is a direct opportunity to acquire a significant asset in a sought-after location. Prospective bidders are advised to review all auction terms and conditions.
Borrower Name:M/s AM Trade
Auction Type:SARFAESI Auction
Guarantor Names:Tomy P A, Pradeepan Asan C, Smt Prasanna Kumari
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel in Kollam, offered at a reasonable reserve price. While the auction terms are standard, the specific location and potential use of the land warrant a 'Calculated Opportunity' rating, suggesting further due diligence before investment.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:04842353072
