Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610468
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹73,59,300
EMD:₹7,35,930
Bid Increment:₹50,000
Auction Time:03:00 PM to 04:00 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a valuable piece of land located in Payyanur, Kannur, Kerala, offered by South Indian Bank through a SARFAESI auction. The property is categorized as residential land and belonged to Mr Pandkasalayil Aboobacker. It presents a great opportunity for investment or development in a prime location.
State:Kerala
City:Kannur
Area:Payyanur
Asset Category:Residential
Full Address:Re.Sy.No.250/9 of Peringome Village, Payyannur Taluk, Kannur District, Peringome, Kannur
Size:8.09 Ares
Auction Description
South Indian Bank is conducting a SARFAESI auction for a residential land parcel in Payyanur, Kannur, Kerala. The auction will be held online on November 21, 2025, from 03:00 PM to 04:00 PM. The reserve price for this land is ₹73,59,300, with an Earnest Money Deposit (EMD) of ₹7,35,930 required to participate. This is a chance to acquire property directly from the bank.
Borrower Name:Mr Pandkasalayil Aboobacker
Auction Type:SARFAESI Auction
Guarantor Names:Mr Muhammed Anas K, Mrs Haseena Kommachi, Mrs Shabana Muthalib, Mrs Alima K @ Aleema, Mr Rasheed Kakkotakath, Mr Muthalib Pandikasalayil
Legal Details
Possession Status:Physical
Encumbrance Details:No encumbrance
Why This Property
The property is a land parcel in a developing area of Kannur. With a reasonable reserve price and clear title, it presents a calculated investment opportunity. However, potential buyers should assess the local market conditions and growth prospects.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:9884350131
