Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:613446
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹46,80,000
EMD:₹4,68,000
Auction Time:11.00 am to 12.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This auction features a valuable plot of land located in Perintalmanna, Malappuram, Kerala. Ideal for residential development, this property offers a significant opportunity in a thriving area. The land is being auctioned by Canara Bank under SARFAESI proceedings. Don't miss the chance to acquire this prime real estate.
State:Kerala
City:Malappuram
Area:Perintalmanna
Asset Category:Residential
Full Address:Sy no 50/7A1, 120/4, 120/8 and Sy. No. 50/8, Perinthalmanna, Malappuram
Size:42 ares
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Perintalmanna, Malappuram, Kerala. The auction has a reserve price of ₹46,80,000 and an Earnest Money Deposit (EMD) of ₹4,68,000. Bidding opens on November 29, 2025, at 11:00 AM and closes at 12:00 PM on the same day. This is a unique opportunity to purchase property through a transparent auction process.
Borrower Name:M/s Kunnath Traders
Auction Type:SARFAESI Auction
Guarantor Names:Sri. K Shamshudheen, Sri. Muhammed Kamarudheen, Sri. Muhammed Noorudheen
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land in Perintalmanna offers a decent investment opportunity due to its location and size. However, the 'Calculated Opportunity' reflects the need for due diligence regarding local market conditions and potential encumbrances. The reserve price appears reasonable, but a detailed assessment is recommended before bidding.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9188406941
