Property for Auction in Pudussery, Palakkad, Kerala
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611812
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹28,00,000
EMD:₹2,80,000
Auction Time:11:00 AM TO 05:00 PM
Service Provider:BAANKNET
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Prime plot of land located in Pudussery, Palakkad, Kerala. This residential land offers a fantastic opportunity for development or investment in a rapidly growing area. Situated in a well-connected locality, it provides easy access to essential amenities and transport links. Ideal for building your dream home or for commercial ventures. This is a direct land auction, presenting a clear title and ready for transfer.
State:Kerala
City:Palakkad
Area:Pudussery
Asset Category:Residential
Full Address:Re SY no 225/3, 225/1 at block no 35 Puduserry Central Village, Palakkad taluk, Pudussery Central Village, Palakkad
Size:0.0346 hectares
Indian Bank presents a SARFAESI auction for a valuable plot of land in Pudussery, Palakkad, Kerala. The auction will take place on 10-12-2025, starting at 11:00 AM and closing at 05:00 PM. The reserve price is set at INR 28,00,000, with an Earnest Money Deposit (EMD) of INR 2,80,000 required to participate. This is a unique chance to acquire a significant asset directly from the bank. Don't miss this opportunity to bid on a promising piece of real estate.
Borrower Name:M/s ABEL VZAC Garment Manufacturers India Pvt Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Issac Varghese, Mrs. Raseena K, Mr Balakrishnan V
Encumbrance Details:Nil as per Bank record
The property offers a decent investment opportunity given its location in Palakkad and relatively affordable reserve price. As it is agricultural land, the return on investment would depend on its usability and development potential. Requires careful assessment of local market conditions and long-term prospects.
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220